🐶 $DOGE Technical Outlook: Falling Wedge Still in Play
DOGE is currently trading inside a falling wedge structure, which often leads to sharp counter-trend rebounds before the dominant move resumes.
In my view, the ongoing rebound still has room to extend toward the $0.169 area. However, the midline of the wedge/channel sits around that zone and is likely to act as strong resistance.
If price gets rejected there, the broader bearish structure remains intact, opening the door for a continuation move lower. The final downside target remains near $0.038, potentially around October.
That zone could mark capitulation and the start of a new bullish cycle, where long-term accumulation may begin again.
📉 Short-term relief, but macro structure still favors patience.
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