After a relatively quiet week, Dogecoin (DOGE) seems to be building momentum again on the 4-hour chart. The meme coin is currently forming a falling wedge pattern—a setup that traders often watch for bullish reversals. DOGE has bounced from its support zone around $0.189–$0.191, suggesting that buyers are stepping in to defend this level.
Dogecoin Shows Technical Strength Near $0.19
As highlighted by Trader Tardigrade, Dogecoin's recent price action points to improving technical conditions. The falling wedge is defined by two downward-sloping lines that converge over time, typically signaling weakening selling pressure. DOGE has been compressing within this range, and the bounce from the lower boundary is catching attention among bullish traders.

If the pattern plays out as expected, DOGE could target the $0.20–$0.21 range, where minor resistance sits. Beyond that, extended momentum might push the price toward $0.22, matching earlier swing highs visible on the chart. The support zone at $0.189 has proven resilient—each time price touched that level, buyers responded quickly, reinforcing its importance for the short-term structure.
Market Context and What's Next
Dogecoin's setup comes as the broader crypto market shows signs of stabilization following recent volatility. Bitcoin's recovery above $65,000 has helped improve overall risk appetite, and several altcoins, including DOGE, are beginning to form technical basing patterns. The meme coin's ability to hold support could attract momentum traders looking for a short-term reversal, especially if volume picks up on the next move higher.
That said, confirmation of this pattern requires follow-through. Sustained closes above the wedge's resistance line would strengthen the bullish case, while a breakdown below $0.189 could invalidate the setup and lead to a retest of $0.175.
Key Levels to Watch
- Support: $0.189–$0.191 (critical accumulation zone)
- Resistance: $0.20–$0.21 (initial target), $0.22 (extended target)
- Invalidation: Below $0.189
What This Means for DOGE
Dogecoin is sitting at an important technical crossroads. The falling wedge and repeated defense of support suggest accumulation at lower levels. If buying pressure continues, DOGE could rally toward $0.21–$0.22 in the near term, potentially setting the stage for a broader trend reversal heading into November. For now, traders are watching closely to see whether this recovery gains traction or fades into another sideways phase.