Dogecoin Falling Wedge Formation Says Expect 80-90% Rally In The Coming Days

Overview

Dogecoin is currently showing signs of a potential bullish reversal as a crypto analyst identifies a breakout setup on the mid-term chart. A Falling Wedge formation is evident, suggesting a possible shift in momentum after a prolonged decline.

Falling Wedge Formation

According to a recent update from a crypto market expert, a Falling Wedge pattern has been identified in Dogecoin’s 12-hour chart. This pattern is characterized by two converging trendlines, indicating a downward movement before a significant bull rally. The Falling Wedge typically signals the end of a consolidation phase following a correction.

The analyst notes that Dogecoin’s recent movement has bounced off the wedge’s support level, indicating that the market may be gearing up for a breakout. The formation has reached a stage where volatility is expected to compress before expanding, making the upcoming sessions crucial for confirming a bullish trend.

Market Context

Currently, Dogecoin is trading at $0.15, having experienced a decline of over 23% in the past month due to a broader market downturn. The analyst suggests that if Dogecoin can break above the upper trendline of the Falling Wedge, it could set the stage for a significant price rally.

Historical Patterns

In addition to the Falling Wedge analysis, another crypto analyst has taken a broader perspective on Dogecoin’s price behavior across multiple market cycles. This analyst has mapped Dogecoin’s historical patterns since 2014, revealing two major cycles characterized by extended accumulation phases followed by explosive price surges.

Each cycle has been marked by similar chart structures, including rounded bases and consolidation zones that precede upward movements. The analyst believes that Dogecoin is currently replicating these historical fractal formations, indicating potential for significant future price increases.

Impact on the crypto market

• The identification of the Falling Wedge formation could lead to increased trading activity around Dogecoin.
• A successful breakout may attract more investors and traders, contributing to a potential price rally.
• Historical patterns suggest that Dogecoin’s price movements could influence broader market sentiment towards meme coins.
• Positive signals from technical analysis could encourage speculative trading, impacting price volatility.
• The potential for a significant rebound may lead to renewed interest in Dogecoin within the crypto community.

Updated: 11/27/2025, 3:25:24 PM