DOGE Near Breakout? Chart Flags a Classic Bullish Pattern

Dogecoin (DOGE) is slipping back into one of its most recognizable patterns, and traders are watching closely. A new chart highlights the popular meme coin approaching the edge of a classic falling wedge – a setup that previously triggered one of its largest rallies.

With the pattern forming directly on a major support zone, anticipation is quietly building among traders who remember what happened last time.

As it happens, DOGE is compressing inside a downward-sloping wedge while sitting on a multi-month demand block, according to the analysis shared by renowned pseudonymous crypto trading expert Trader Tardigrade in an X post on November 20.

During a similar setup last year, Dogecoin consolidated for weeks before exploding more than 435%. The new structure mirrors that move almost perfectly, from the declining slope to the support retest and the gradual fade in volatility leading into the apex.

Why This Falling Wedge Matters Now

Notably, the crypto analyst has observed that DOGE is now “approaching the verge” of the wedge’s breakout point. That phrasing suggests the pattern is nearly complete, but wedge breakouts typically require confirmation rather than momentum alone.

Dogecoin will need strength above the upper trendline to signal a trend reversal, especially with the broader crypto market wrestling with widespread volatility.

Currently, DOGE is trading at the price of $0.1567, down 1.02% on the day, declining 11.08% across the past week, and accumulating a loss of 19.15% on its monthly chart, according to the most recent information.

What makes the setup compelling is the influence of location and history. Support zones like this one have repeatedly acted as launchpads during previous DOGE cycles. Each time the trend pulled back into the same region, aggressive accumulation followed shortly after, often kicking off multi-month expansions. 

Even the rounded top that preceded the current decline matches the prior cycle almost one-to-one, reinforcing the sense that the chart is repeating itself.

Still, wedge patterns do not guarantee upside. Breakdowns are possible if market-wide weakness continues or if liquidity thins out further. That’s why analysts often look for volume confirmation or a clean breakout retest before expecting a larger trend shift.

If buyers reclaim momentum above the wedge’s ceiling, however, the structure opens the door to a measured-move target that extends far above the current levels – mirroring the massive rally that followed the last time this pattern appeared.

For now, Dogecoin sits quietly at the edge of its structure, compressing, cooling, and waiting for a decision. With the coin resting on support and long-term traders watching for a repeat of its previous surge, the next breakout – up or down – is poised to define Dogecoin’s direction heading into 2026.

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