Dogecoin Charts Whisper Bullish: Structural Signals Point to Stealth Rally Ahead

Dogecoin’s technical setup is flashing its most coherent bullish signals since the 2021 meme frenzy—only this time, the market isn’t laughing.

Key levels holding: The DOGE/USD weekly chart has cemented a higher low structure since January, shrugging off Bitcoin’s volatility like a dog shaking off bath water. That descending wedge everyone feared? Now acting as a springboard.

Volume tells the real story: Quiet accumulation patterns mirror early 2023’s breakout precursor—back when institutional ’serious investors’ swore they’d never touch a joke coin. (Spoiler: they did.)

Next targets: A clean break above $0.35 opens the path to retest the $0.73 all-time high. Below? The 200-week moving average at $0.12 stands guard like a Shiba Inu with diamond paws.

Wall Street analysts remain divided—half still waiting for ’fundamental justification,’ the other half quietly adding DOGE to client portfolios under ’alternative momentum exposure.’ Some things never change.

Ascending Wedge Emerges On DOGE’s 30-Minute Chart

According to a recent analysis shared by Thomas Anderson on X, Dogecoin is currently forming an ascending wedge pattern on the 30-minute chart, a technical setup often associated with potential breakout scenarios. At the time of his post, Doge was trading around $0.17397, testing the 200-period moving average.

Despite this overhead pressure, the price remains securely above a critical support zone at $0.16424, reinforcing the strength of the current uptrend on this lower timeframe.

Anderson further emphasized that short-term momentum appears bullish, supported by a steady increase in trading volume, a positive sign that market participants are engaging with the move. However, he issued a note of caution based on broader context: the 1-hour chart shows DOGE is trading near the upper boundary of the pattern. 

As the price approaches the pattern’s upper boundary, the potential for rejection and a pullback grows. Traders are advised to stay alert and consider both the bullish wedge on the M30 and the larger bearish context on H1, as this confluence might lead to heightened volatility in the NEAR term.

Dogecoin Nears Falling Wedge Breakout

In a recent update shared on X, Whales_Crypto_Trading pointed out that DOGE is trading at the edge of a falling wedge pattern on the daily chart, a technical formation hinting at upcoming bullish reversals. This pattern has been developing over time, showing a gradual narrowing of price swings as DOGE coils within a tightening range.

According to Whales_Crypto_Trading, if DOGE successfully breaks out of this wedge, it could unleash a powerful rally in the medium term, pushing prices 80–100% higher. This projection aligns with historical behavior following similar wedge breakouts, where compressed price action leads to explosive moves once resistance is cleared.

The setup highlights a crucial moment for DOGE, with bulls looking for a confirmation signal while bears attempt to maintain downward pressure. A clean breakout could shift sentiment decisively, turning this long-standing consolidation into a strong upward trend.