$DOGE ready to howl? Descending wedge breakout suggests a rise.
The $DOGE may be preparing for its next big move as technical signals begin to favor the bulls. After a period of consolidation and downward pressure, DOGE has broken out of a descending wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin may be on the verge of a potential rally, especially with increasing momentum within a key price zone.
According to the cryptocurrency expert, the key price levels to watch for $DOGE in the short to medium term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout of the descending wedge pattern and alignment with historical resistance zones that may come into play as the rally progresses. Each of these levels represents a potential milestone where momentum may pause, consolidate, or even reverse, depending on overall market sentiment and trading volume. The confirmation of the breakout suggests that Dogecoin has re-entered a bullish phase, and if buying pressure continues, these price levels may serve as realistic bullish targets for traders and long-term holders. Reaching these zones may attract greater attention from investors looking for profit-taking opportunities, or even fuel additional rallies if broken with strong volume.