Dogecoin opened at around $0.094 and climbed steadily, gaining strong bullish momentum. It pushed above $0.102 and briefly peaked near $0.105 before facing sharp rejection at the top. After the spike, the price pulled back aggressively toward the $0.100 psychological level, where buyers attempted to stabilize the move.
The market has since drifted lower, currently hovering around $0.099, showing fading momentum and short-term bearish pressure. If $0.098–$0.099 fails to hold, further downside toward the initial breakout zone near $0.095 is possible, while a reclaim of $0.102 could revive bullish continuation.
Currently, the Memecoin is exchanging hands at around $0.09929 with a 24-hour gain of 3.56%.
Dogecoin Breaks Falling Wedge, Signaling Potential Trend Reversal
Dogecoin has broken out of a falling wedge on the 4-hour chart, as highlighted by Trader Tardigrade, signaling a potential shift in market structure. This pattern typically forms during weakening downtrends and often precedes bullish reversals. Price rebounded strongly from the $0.092–$0.094 demand zone and pushed above the $0.100 psychological level. The breakout candle shows expanding momentum and increased buyer participation. This move suggests sellers are losing control.
For confirmation, DOGE must maintain price action above the former wedge resistance near $0.098–$0.100. Holding this area would reinforce bullish continuation and trend reversal expectations. If momentum remains strong, upside targets around $0.105 and $0.110 come into focus. Increased volume would further validate the breakout structure. A pullback holding above support would still favor an emerging uptrend.
Dogecoin Price in Third Accumulation Phase Ahead of Potential Breakout
Dogecoin price continues to move in repeating mini cycles, according to Bitcoinsensus. These cycles consistently begin with prolonged accumulation phases marked by sideways price action and low volatility. During these periods, price forms a base while market participants gradually position themselves. Similar structures appeared earlier in the cycle before strong upside expansions followed. The repeated behavior suggests controlled accumulation rather than random consolidation.
Previous mini cycles transitioned from accumulation into sharp markup phases, producing rallies near 190% and later around 480%. Each rally was followed by a corrective phase that cooled momentum without destroying the broader structure. The current price action mirrors past accumulation zones but forms at higher levels. This signals sustained demand despite ongoing corrections. If the cycle repeats, this third accumulation may support another upside breakout.
Source: https://coinpaper.com/14955/dogecoin-price-eyes-breakout-amid-falling-wedge-and-accumulation
