Dogecoin isDogecoin trades inside a broadening wedge, with price swings setting up for a breakout that could send it soaring toward $1.4.
Key support near $0.20 holds firm, while thin resistance above $0.30 hints at a sharp rally once bulls take control.
RSI and MACD trends show fading bearish pressure, signaling momentum is shifting as traders prepare for Dogecoin’s next major move
Dogecoin is consolidating near $0.25, but its chart is painting a bigger picture. A broadening wedge pattern signals the chance of a breakout rally, with eyes set firmly on the $1.4 mark.
Wedge Structure Holds Firm
According to analyst Trader Tardigrade, Dogecoin has been trading inside a broadening wedge since mid-2023. The pattern is defined by a rising support line and a widening resistance channel.
The first big leg came in late 2023, when Dogecoin jumped from $0.06 to a peak at $0.22. After a sharp dip back to the lower boundary in early 2024, the token bounced hard and pushed to $0.48 by July — a gain of around 120% from the earlier high.
But the rally didn’t last.By the start of 2025, Dogecoin pulled back once more to test its wedge support. Since then, the price has been hovering between $0.20 and $0.30, closely tracking the trendlines that continue to shape its movement
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The chart now suggests that if price holds above support and momentum continues to build, the next rally could drive Dogecoin to $1.4 — the top of the wedge.
Long-Term Outlook Remains Bullish
This structure isn’t new for Dogecoin. Previous rallies have followed similar steps: sharp moves from the wedge base, peaks near the top boundary, and deeper pullbacks before the next cycle begins.
The purple overlay in Trader Tardigrade’s chart highlights repeated oscillations within the wedge. Each bounce has created higher highs and higher lows, confirming the overall bullish structure.
The projection to $1.4 implies a 190% move from the last cycle high of $0.48. If reached, this level would also align with the wedge’s expanding resistance trendline, reinforcing the technical target.
Momentum and Market Sentiment
While the wedge sets the longer path, near-term momentum also offers clues. Buying support has remained steady near $0.20, with liquidity drying up above $0.30. This could mean that once resistance breaks, price may accelerate quickly.
Indicators also show gradual recovery. The RSI is trending higher after recent lows, suggesting strengthening momentum. The MACD has begun to flatten, showing reduced bearish pressure. Together, they point to a market preparing for its next decisive move.
Dogecoin’s history of cyclical rallies, combined with the current wedge structure, supports the possibility of a major upside leg. Traders will watch the $0.30 zone as a key breakout point. If confirmed, the path toward $1.4 becomes far more realistic.
For now, Dogecoin consolidates, but the wedge framework remains intact. With each cycle building on the last, the charts suggest that patience could reward long-term holders.
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