According to the expert, Dogecoin has been forming falling wedges repeatedly on support levels. In a 2-year period, DOGE has formed a total of three falling wedge patterns on support levels, which preceded significant price spikes in the following months.
The first pattern was observed between July and September 2023, and DOGE witnessed a sharp rally. Again in 2024, particularly between March and September, this pattern appeared, triggering a major surge in DOGE’s price to its current yearly high of $0.48.
Looking at the chart, AlienOvicho expects the meme coin to surge to the $0.20 level. Even though there isn’t a bullish framework that has been confirmed yet, the expert stated that the foundation is being built little by little.
