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Dogecoin Approaches the Verge of a Falling Wedge as Price Compresses Near a Key Long-Term Support...
Dogecoin trades inside a repeated falling wedge that forms near a long-term support region.
On-chain data records dense accumulation between $0.079 and $0.082 as wallets cluster.
Derivatives activity rises with stronger long exposure and increasing open interest across exchanges.
Dogecoin trades near $0.1571 as the market tracks a repeated falling wedge structure that forms close to a major support zone. The pattern appears similar to an earlier cycle that came before a strong move, and the current setup develops with steady compression. The angle is that Dogecoin approaches the verge of a Falling Wedge near the key support zone.
Repeated Wedge Formation Near Long-Term Support
Dogecoin forms lower highs and lower lows while price compresses toward a known support area. According to analysis prepared by Trader Tardigrade, the pattern mirrors a falling wedge that appeared in mid-2024 before a 435.14% rise. The current chart records a projected 435.12% measurement from the wedge base.
https://twitter.com/TATrader_Alan/status/1991400889412882753
The support zone appears in red on the chart and price tests this area several times as volatility decreases. The timeline spans 2024 to 2026, and the structure develops after a steady decline from a mid-2025 swing high. Blue lines on the chart show clear wedge boundaries as compression increases near the lower region.
Historical data on the image shows that the earlier wedge formed after a long downturn and the current pattern maintains the same structure. The chart shows two orange arcs that mark the transition from upward phases into downward phases before each wedge appears. The structure remains intact as price holds near the lower boundary.
On-Chain Accumulation and Derivatives Activity
The support area gains more attention because on-chain data shows high accumulation at the $0.08 range. According to an observation by market analyst Ali, “the Glassnode cost basis distribution heatmap shows heavy wallet density between $0.079 and $0.082.” The cluster suggests investors show steady interest in this price range.
Source: AliCharts(X)
Recent derivatives data from Coinglass shows stronger activity across major platforms. Trading volume rises 15.70% to $5.01B and open interest increases 2.19% to $1.67B. Options open interest also records a 4.87% rise, showing more positioning.
Long-short ratios show more long exposure on Binance and OKX. Liquidation data stays active as the 24-hour total reaches $8.09M, with most from long positions. The combined data presents a stable build-up in market engagement as Dogecoin stays near the wedge’s support zone.
The post Dogecoin Approaches the Verge of a Falling Wedge as Price Compresses Near a Key Long-Term Support Zone appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
On-chain data records dense accumulation between $0.079 and $0.082 as wallets cluster.
Derivatives activity rises with stronger long exposure and increasing open interest across exchanges.
Dogecoin trades near $0.1571 as the market tracks a repeated falling wedge structure that forms close to a major support zone. The pattern appears similar to an earlier cycle that came before a strong move, and the current setup develops with steady compression. The angle is that Dogecoin approaches the verge of a Falling Wedge near the key support zone.
Repeated Wedge Formation Near Long-Term Support
Dogecoin forms lower highs and lower lows while price compresses toward a known support area. According to analysis prepared by Trader Tardigrade, the pattern mirrors a falling wedge that appeared in mid-2024 before a 435.14% rise. The current chart records a projected 435.12% measurement from the wedge base.
https://twitter.com/TATrader_Alan/status/1991400889412882753
The support zone appears in red on the chart and price tests this area several times as volatility decreases. The timeline spans 2024 to 2026, and the structure develops after a steady decline from a mid-2025 swing high. Blue lines on the chart show clear wedge boundaries as compression increases near the lower region.
Historical data on the image shows that the earlier wedge formed after a long downturn and the current pattern maintains the same structure. The chart shows two orange arcs that mark the transition from upward phases into downward phases before each wedge appears. The structure remains intact as price holds near the lower boundary.
On-Chain Accumulation and Derivatives Activity
The support area gains more attention because on-chain data shows high accumulation at the $0.08 range. According to an observation by market analyst Ali, “the Glassnode cost basis distribution heatmap shows heavy wallet density between $0.079 and $0.082.” The cluster suggests investors show steady interest in this price range.
Source: AliCharts(X)
Recent derivatives data from Coinglass shows stronger activity across major platforms. Trading volume rises 15.70% to $5.01B and open interest increases 2.19% to $1.67B. Options open interest also records a 4.87% rise, showing more positioning.
Long-short ratios show more long exposure on Binance and OKX. Liquidation data stays active as the 24-hour total reaches $8.09M, with most from long positions. The combined data presents a stable build-up in market engagement as Dogecoin stays near the wedge’s support zone.
The post Dogecoin Approaches the Verge of a Falling Wedge as Price Compresses Near a Key Long-Term Support Zone appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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