#数字货币市场洞察 $ETH $DOGE $LUNC

DOGE has had a rough month. Each low is lower than the last, and the highs can’t seem to rise—the price is being heavily suppressed. But if you look closely at the chart, there’s something interesting—a descending wedge is forming, with two trendlines narrowing and the rebound range shrinking. What does this pattern usually mean? Bears are getting exhausted, while bulls are gearing up for a big move.

There’s been some action in the past 48 hours. DOGE has started to rebound from $0.135, with twelve-hour candles closing consecutively in the green, now almost touching the upper wedge trendline. This resistance line is the key point. Technically, if it really breaks out, the theoretical upside could reach 96%. Sounds exaggerated? Two years ago, there was a similar pattern, and DOGE really did see a multi-fold rally.

But there’s an issue—volume hasn't picked up yet. Current trading volume isn’t high, and both bulls and bears are still testing the waters. If the price turns down, the $0.13 support level becomes crucial; if it doesn't hold, the wedge pattern breaks down and the decline continues.

Looking at on-chain data, some old addresses are slowly accumulating, possibly sensing something. Bearish momentum is weakening, and the downward inertia might be nearing its end. Of course, you also have to watch out for a false breakout—the market sometimes loves to use these patterns to lure people in, and those chasing the rally can get trapped.

Right now, volume remains moderate, and the real breakout hasn’t happened yet. The next two or three days are critical—if there’s a breakout on strong volume, the upside really opens up. 96% is both a target and a temptation.

DOGE is stuck right here, the wedge has tightened, and direction isn’t set yet. Will it surge upward or keep consolidating? We’ll know soon. At times like this, waiting is better than acting rashly.