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 The "rising diffusion wedge" technical form currently displayed by Dogecoin shows strong upward momentum. This pattern continues to consolidate against the background of stable trading volume and complete structure, with the target resistance level expected to reach the $1.50 level before the end of 2025. The price has repeatedly rebounded from the lower trend line, showing strong resilience. In line with the steady growth of market value and cyclical recovery signals, the overall trend remains optimistic. What is Dogecoin’s rising diffusion wedge? This pattern appears on the biweekly chart as two spreading upward trend lines with price fluctuating between them. Although volatility has increased, the upward momentum behind it remains solid. Since its formation in mid-2023, this structure has continued to be verified, with the price testing the lower track multiple times and then rebounding upward. This pattern is expected to continue until 2025. Analysts believe that its stability is an important basis for judging long-term performance. Why is the market structure so strong? According to analysis by trader Tardigrade, the price trend of Dogecoin is highly consistent with the expansion boundary of the rising wedge. Each pullback has found support on the lower track and then moved upward again. The pattern has continued from mid-2023 to the end of 2025, continuously hitting higher highs and lows, with a complete structure. Multiple support rebounds in history have further verified the reliability of this model. The current trading price of Dogecoin is $0.1828, with a 24-hour increase of 4.9%, and the trading range is $0.1727 – $0.1831.  According to data, its market capitalization reaches US$27.66 billion, its trading volume is US$1.93 billion, and its circulating supply is 151.67 billion coins, firmly ranking among the top ten cryptocurrencies. This solid structure shows that if the upward momentum continues, the next key resistance is expected to be $1.50, continuing the long-term upward trend from 2023 to 2026. The formation of a wedge pattern highlights the cyclical nature of the market, with each uptick continuing to build upon the previous high while following an ever-widening channel trajectory. The continued existence of this form also reflects the market's stable interest and participation in the Dogecoin ecosystem. Short-term recovery signals on daily chart Judging from the daily chart, Dogecoin has recently experienced three rising cycles, namely 35 days, 29 days and 32 days. Each cycle experienced rise and consolidation before starting again. ChandlerCharts analysis points out that these rhythms show clear cyclical momentum, and the RSI indicator remains in the 40-70 range, supporting the current recovery pattern. Is $0.30 around the corner? Yes, Dogecoin is gradually approaching the $0.30 mark. The price has recently jumped from $0.17 in the earlier cycle to over $0.32. Analysts pointed out that as long as the market structure remains intact and trading volume remains stable before November 2025, this goal is expected to be achieved ahead of schedule. Continued rebound and increased volatility will be the key driving forces.  📈 Summary of core points 1. The wedge structure is complete: Since 2023, the rising diffusion wedge has continued to be effective, and the lower track support is reliable； 2. Strong cyclical momentum: The recent 29-35-day rising cycle shows strong recovery momentum, supporting the $1.50 target； 3. Volume and price are stable: current price is $0.1828, market value is $27.66 billion, transaction volume is $1.93 billion, and breakthrough demand can be confirmed. The rising wedge shape of Dogecoin continues to release signals of momentum and structural stability. The key support level drives the price to continue to rebound, and trading volume also supports its move towards the resistance level of $1.50. As trading patterns stabilize before the end of 2025, investors can pay close attention to the pace of cyclical recovery and capture participation opportunities. Keeping up with these developments will help you navigate the rapidly changing crypto market. The opportunity is fleeting, thank you for your attention! 👇 Don’t let the trap of air coins swallow up your principal, Tudou will take you to enjoy the entire bull market! If you are interested, you can go to the homepage and read the pinned article! Or +V: TGMM03 |
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