Dogecoin

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<h3 id="key-takeaways">Key Takeaways</h3><ul><li>A falling wedge pattern has emerged on Dogecoin’s 1-hour chart, with critical resistance identified between $0.110 and $0.120</li><li>Despite 24-hour trading volume declining 3.10%, open interest increased 1.92% to reach $1.27 billion</li><li>Technical analysts suggest a breakout beyond the wedge formation could propel DOGE toward $0.150, though falling below $0.080 presents downside risk</li><li>Last month, DOGE reached its weakest price point since 2023, bottoming near $0.068</li><li>The total circulating supply currently sits at 155.9 billion tokens, expanding by 5 billion annually</li></ul><p>Dogecoin (DOGE) has positioned itself at a crucial technical juncture as market participants monitor a developing falling wedge formation. The popular memecoin hovers around $0.0835, retreating from its mid-August peak that touched approximately $0.10.</p><figure id="attachment_209991" style="width: 100%" class="wp-caption aligncenter"><img class="size-full wp-image-209991" src="https://blockonomi.com/wp-content/uploads/2026/09/chart-7-2.webp" alt="Dogecoin (DOGE) Price" width="1824" height="1248"><figcaption id="caption-attachment-209991" class="wp-caption-text"><a href="https://www.coingecko.com/en/coins/dogecoin?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price</a></figcaption></figure><p>Technical analyst Crypto With Gopal highlighted the emerging falling wedge structure visible on the hourly timeframe. His analysis pinpoints $0.100 as a significant threshold, while identifying the $0.110–$0.120 band as the primary resistance area that buyers must overcome.</p><p>Meanwhile, analyst Trader Tardigrade examined broader market cycles on the monthly timeframe. His assessment reveals DOGE forming a rounded bottom combined with a descending trendline configuration that resembles formations observed before two earlier explosive rallies, suggesting what he characterizes as a potential “cycle ignition” scenario upon trendline breach.</p><div class="embed-x"><blockquote class="twitter-tweet"><p><a href="https://x.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>/monthly — Fractal Repeat <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f415.png" alt="🐕" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2747.png" alt="❇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://x.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> is printing the exact same pattern that triggered the two previous parabolic cycles.</p><p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Rounded bottom forming<br><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> Descending trendline resistance<br><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"> Breakout above trendline = cycle ignition</p><p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"> The structure is identical. Both… <a href="https://t.co/zbFEVoHWKH" rel="noopener noreferrer nofollow">pic.twitter.com/zbFEVoHWKH</a></p><p>— Trader Tardigrade <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f9ec.png" alt="🧬" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@TATrader_Alan) <a href="https://x.com/TATrader_Alan/status/2099105649850507518?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 13, 2026</a></p></blockquote></div><p>Should DOGE successfully breach the wedge pattern’s upper boundary, Crypto With Gopal’s technical analysis projects a move toward $0.150. This represents significant appreciation from present levels, though the analyst emphasizes this projection serves as a technical objective rather than a guaranteed outcome.</p><h3 id="technical-indicators-signal-weakness">Technical Indicators Signal Weakness</h3><p>The memecoin has slipped beneath its 20-day Simple Moving Average, currently positioned at $0.08589. The MACD indicator has generated a bearish crossover, with the MACD line dipping under its signal line, while expanding negative histogram bars indicate mounting selling pressure.</p><figure id="attachment_209992" style="width: 100%" class="wp-caption aligncenter"><img class="size-full wp-image-209992" src="https://blockonomi.com/wp-content/uploads/2026/09/DOGEUSD_2026-09-14_06-40-02.webp" alt="" width="1306" height="877"><figcaption id="caption-attachment-209992" class="wp-caption-text"> Source: TradingView </figcaption></figure><p>The lower boundary of the Bollinger Bands resides around $0.08003. A decisive breach below the $0.080 support threshold would likely negate the constructive technical outlook and potentially trigger additional selling.</p><h3 id="futures-market-activity-remains-elevated">Futures Market Activity Remains Elevated</h3><p>According to Coinglass metrics, daily trading volume contracted 3.10% to settle at $710.71 million, yet open interest expanded 1.92% to approximately $1.27 billion. Data from Dogegod indicates open interest represents roughly 16.38 billion DOGE tokens, translating to about $1.5 billion in notional value.</p><p>Elevated open interest coupled with contracting volume indicates market participants maintain leveraged positions while awaiting a definitive directional move. This positioning dynamic could magnify price action in either direction once a breakout or breakdown materializes.</p><p>The cryptocurrency recorded its weakest valuation since 2023 during August, bottoming at $0.068. While DOGE has recovered from that trough, it remains substantially below its 2021 all-time high of $0.73.</p><p>The current circulating supply totals 155.9 billion tokens. An inflationary mechanism introduces 5 billion additional coins annually, creating persistent supply-side pressure on valuation. Unlike Bitcoin, Dogecoin has no maximum supply cap.</p><p>Cryptocurrency directory Cryptwerk reports that just 2,328 merchants globally currently accept DOGE as a payment method.</p><p>The post <a href="https://blockonomi.com/dogecoin-doge-forms-falling-wedge-pattern-as-analysts-eye-historical-rally-setup/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Forms Falling Wedge Pattern as Analysts Eye Historical Rally Setup</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Dogecoin (DOGE) Forms Falling Wedge Pattern as Analysts Eye Historical Rally Setup

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