Dogecoin has come under pressure, falling more than 6% in the past 24 hours and over 14% in the last week.
As of press time, it is trading near $0.174. The drop is part of a broader market pullback.
Technical Setup Shows Familiar Pattern
Trader Tardigrade, a crypto chart analyst, has pointed out a recurring formation on Dogecoin’s daily chart. The pattern is known as a descending contracting wedge. It is taking shape with three clear touches on the lower support line and two touches on the upper resistance line. This same setup appeared on the chart in August and led to a sharp move upward after the breakout.
Source: Trader Tardigrade/X
The current wedge, formed between October and early November, closely matches the earlier pattern. A breakout from the resistance line has already occurred, marked by a green circle on the chart shared by Tardigrade. If the past price movement repeats, Dogecoin could see a short-term rise toward the $0.26 to $0.28 range. The structure alone, however,
We współpracy z: https://cryptopotato.com/dogecoin-dips-under-key-support-yet-a-breakout-pattern-is-forming/
