Dogecoin (DOGE), which has been trading in a rising wedge structure for a month, has made contact with the lower band.
DOGE, which gained momentum with the enthusiasm created by Elon Musk and X, has been maintaining its upward price structure in the last month. However, BTC’s retreat and Musk’s silence brought the DOGE price down. The popular coin, which started to loosen at $ 0.0835, is currently trading at $ 0.074. Coming to the lower band of the ascending wedge structure, DOGE may face deep declines. How is the chart progressing for DOGE?
Dogecoin (DOGE) chart analysis
DOGE, which started to attack from $ 0.060, managed to reach $ 0.0835 in a short time like a month. In this process, both the positive pricing of BTC and the support of Elon Musk played a big role. DOGE, which forms a rising wedge on the technical side, has now reached the bottom of this structure. As the rising wedge breaks down, DOGE dips can become critical. Which levels are important to follow for Memecoin?
DOGE, which currently finds buyers at $ 0.074, can target $ 0.0776 – $ 0.0811 and $ 0.0846, respectively, if it can catch buyers from where it is. However, confirmation of the ascending wedge breakout or BTC’s negative moves will naturally push DOGE price to support points. Followable support levels for the popular memecoin are 0.0732 – 0.703 – 0.667 – 0.628 – 0.0601 respectively.
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