This month, Dogecoin is really "well-behaved", falling very rhythmically - the highs and lows are going down one step at a time like steps. Although the speed is not fast, some interesting signals have been quietly revealed on the technical charts.

Maybe, this wave of decline is coming to an end.

There is a clear falling wedge on the chart, and if the next buyer is strong enough, this pattern can theoretically support a near-doubling of the price - specifically, about 96% of the upside.

**The wedge slowly tightens**

Open the 12-hour candlestick chart and you will see that the two trend lines are slowly moving closer. The price is like being caught in the middle, swaying left and right, and each time it bounces upwards a little weaker than the previous one, and the space for movement is getting smaller and smaller.

This is the textbook-level drop wedge. It often appears in a downward market, but the narrower the wedge, it often means that the seller's power is exhausted and the buyer is secretly accumulating strength.

Now the price is close to the upper edge of the wedge and has been tested several times. Usually this is the critical moment when kinetic energy may reverse.

**Small Movements in the Last 48 Hours**

Looking back at the past two days, Dogecoin has rebounded from a low of $0.135, with several positive candles appearing in a row on the 12-hour chart. The current price is clinging to the upper resistance line, and whether it can continue to go upwards is the key.

If the price does break through the upper boundary of this wedge and is accompanied by a strong breakout candlestick, it means that the pattern is over - Dogecoin may be ready to start a decent rally.

Why 96%? **

The interesting thing about this pattern is that once the breakout is confirmed, the price tends to pull very hard. In technical analysis, the vertical height of the wedge can be used to estimate the target of the breakout.

According to the chart -