$DOGE Technical analysis
DOGE/USDT daily price chart
If bulls hold steady following the rebound from support, DOGE may validate a breakout beyond $0.2. The Relative Strength Index (RSI) sloping higher at 42 shows signs of easing bearish momentum, leading to a continuing recovery and increasing buy-side pressure.
The falling wedge pattern on the daily chart is worth watching in the short term. A confirmed breakout above the upper trend line may invalidate the bearish outlook to support at $0.16 and the November 3 anchor at $0.14. Above $0.2, Dogecoin bulls are likely to target $0.25, an area that flipped into resistance in February.
