Dogecoin (DOGE) Price Prediction: DOGE/USD Breaks Out of Bullish Falling Wedge Pattern

Meme coins have suffered heavily amid broader market uncertainty and ongoing selling pressure, with bulls struggling to reclaim key resistance levels.

Dogecoin is showing early signs of life after weeks of sideways trading in a tight range between $0.16 and $0.18 amid a challenging environment for meme coins.

Meme coins have suffered heavily amid broader market uncertainty and ongoing selling pressure, with bulls struggling to reclaim key resistance levels. However, momentum appears to be building.

Over the last 24 hours, Dogecoin managed to break above the $0.18 mark for the first time in days, sparking excitement among traders. While bulls have yet to sustain a push higher, the breakout could be an early sign of a trend reversal.

Investors are watching closely to see if DOGE can establish a foothold above current levels and begin a meaningful recovery.

Top analyst Carl Runefelt shared technical insights on X, noting that DOGE is breaking out of a bullish falling wedge pattern on the daily chart—a formation often associated with strong upside moves.

If the breakout holds, Dogecoin could be poised for a significant rally in the short term. However, bulls must reclaim higher resistance levels soon to keep the momentum going. All eyes are now on DOGE as it attempts to lead a potential meme coin recovery.

Dogecoin is hovering at a critical juncture as it trades just above crucial demand levels near $0.15. Despite a challenging environment for meme coins—typically the hardest hit during market downturns—DOGE has managed to hold its ground, suggesting resilience from long-term holders.

Still, bulls have a lot of work to do if they want to reclaim control and initiate a sustained recovery.

After spending several days consolidating in a tight band, Dogecoin is showing early signs of a potential breakout.

This could be a crucial development as the broader market searches for a catalyst.

Analysts and investors are closely monitoring any signals that could push crypto assets into a recovery phase or trigger further declines.

As the market navigates this period of uncertainty, there's a sense of urgency, especially considering the speculative nature of meme coins and their historical volatility during bear cycles.

Dogecoin is breaking out of a falling wedge pattern on the daily chart, according to technical analysis shared by Runefelt.

This is a bullish formation that usually precedes sharp upward moves.

According to Runefelt's analysis, if the breakout holds and DOGE manages to close a candle above the wedge breakout zone, it could rally toward the $0.43 mark—its next major resistance level.

This week will be pivotal to see if bulls can build on recent strength and push above key resistance levels.

A move above the $0.22 zone would mark a clear shift in trend and open the door for a test of higher resistance near $0.25 and beyond.

However, the path forward is not without risk. If Dogecoin fails to hold $0.18 as support, selling pressure could quickly return, sending the price back toward the $0.15 zone—an area that previously acted as a major demand floor.

With meme coins typically more sensitive to broader market sentiment, Dogecoin's next move will likely mirror the overall direction of crypto.

A strong Bitcoin rally could help lift DOGE, but without it, bulls must show strength quickly to avoid a deeper retracement.