Usman Salis
⬤ Dogecoin (DOGE) is carving out a textbook falling wedge on the 4-hour timeframe, with price squeezing between two descending, converging lines. The cryptocurrency has been compressing after a recent pullback, and the pattern typically shows up when selling momentum starts losing steam. Right now, DOGE is bouncing around the $0.13–$0.14 area, staying locked inside those wedge boundaries.
⬤ The chart tells a clear story: each high is lower than the last, and each low follows suit, but the swings are getting smaller. That's the key signal here—sellers aren't pushing as hard anymore, and the range is tightening. This kind of structure usually appears during correction phases or consolidation, especially after a sustained drop. It's a sign that bearish pressure might be fading as the market finds temporary balance.
⬤ Falling wedges are on every trader's radar because they often precede directional moves. For Dogecoin, which remains one of the most actively traded cryptos in both spot and derivatives markets, this tightening action on a 4-hour chart matters for short-term sentiment. There's no confirmed breakout yet—price is still respecting the pattern—but DOGE is sitting at a technical inflection point where the next move could shift near-term momentum quickly.
Usman Salis
