Dogecoin Eyes $3.80 as Expanding Wedge Breakout Nears Confirmation

Dogecoin trades inside a broadening wedge, with a $0.47 breakout confirming a long-range target near $3.80 by 2026.

Short-term structure holds above $0.19800, with resistance at $0.21300 acting as a pivot for a move toward $0.27200 and $0.33085.

DOGE’s double inverse head-and-shoulders setup may confirm at $0.17, opening a 100% upside window toward $0.34 if support holds.

Dogecoin’s weekly chart reveals an expanding bullish setup, signaling a possible breakout toward $3.80 by 2026. Traders now focus on key trendlines and volume behavior, pointing to a maturing wedge formation.

Expanding Wedge Structure Signals Macro Bullish Setup

The broader trend pattern shows a rising wedge with widening trendlines forming since mid-2023. This structure tracks Dogecoin’s volatile swings while maintaining higher highs and higher lows. Technical signals continue to support bullish development despite interim pullbacks.

A large ascending broadening wedge has emerged, starting near $0.055 and stretching to a projected ceiling above $0.75. According to Trader Tardigrade, this formation includes six pivot points, labeled A through F, that validate the structure. He noted that point A marked the rally’s origin, with point C spiking above $0.35 and point E nearing $0.70. After bouncing at point F near $0.13, DOGE continues trading within the wedge’s support zone.

The analyst also pointed out the $0.47 level as the key confirmation point for a breakout. His measured target of $3.80 comes from projecting the A-to-C vertical height above the breakout zone. Candlestick patterns show strong volume near points C and E, where bullish momentum surged. In contrast, pullbacks to D and F occurred on low volume, reinforcing support strength.

Short-Term Rebound Holds Above Key Support

This section provides additional insights into shorter timeframes and recent price action. Daily price patterns remain bullish as DOGE respects an ascending trendline formed in early April. Support around $0.20 has held despite mild selling pressure.

Source: Post on X

The 1-day chart shows price rebounding from a multi-month trendline near $0.19800. Devkhabib identified this area as a strong support base, last confirmed during the May consolidation. He highlighted $0.21300 as a crucial near-term resistance that capped previous rallies. A breakout above this level could send DOGE toward $0.27200 and later to $0.33085, aligning with February highs.

Besides this, recent candlesticks exhibit long lower wicks, suggesting consistent buying at dips. The trendline remains intact, supported by steady volume and higher lows since March. The structure outlines a clear recovery path back above $0.21 if bulls maintain momentum.

What Are Analysts on X Saying About DOGE’s Next Move?

Analysts on X have presented a mix of technical perspectives, ranging from breakout projections to reversal confirmations. Some highlight large macro targets, while others focus on near-term continuation patterns backed by chart confluence.

Is $0.17 the last chance before DOGE runs again? Bitcoinsensus believes it might be. The analyst shared a double inverse head and shoulders pattern, noting a breakout from the first neckline. He indicated the pullback to $0.17 could act as a retest zone. If this support holds, the measured move targets $0.34—a gain of 100% from current levels. This structure, according to him, aligns with historical reversal setups seen during past meme coin cycles. Market sentiment continues shifting as DOGE trades near major confirmation levels across multiple timeframes.

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