The post Dogecoin Approaches Multi-Year Compression Breakout—Is a Major Move Brewing? appeared first on Coinpedia Fintech News
Dogecoin (DOGE) price is entering a critical structural phase on the weekly timeframe as price compresses inside a multi-year descending wedge. After months of lower highs, the asset is now trading near a key macro support zone between $0.065 and $0.08. The price is up by 5.16%, reaching $0.098 in the past 24 hours. The trading volume has increased by more than 113%, reaching $1.84 billion.
A notable short squeeze, with $4.09 million in DOGE shorts liquidated, has amplified the 113% spike. With volatility tightening and the DOGE price nearing the apex of the wedge, a decisive move may be approaching.
Weekly Support Near $0.08 Remains Intact
The $0.065–$0.08 region has repeatedly acted as a strong demand zone across the past cycle. Despite prolonged corrective pressure, sellers have not managed to force a sustained breakdown below this area. As
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