Is Dogecoin Price Heading to $0.2? Rising Wedge Pattern Signals Imminent Move

For more than a week, Bitcoin’s price consolidation above $67,000 has supported modest recovery trends across major altcoins. DOGE, the largest meme cryptocurrency, is also exhibiting a similar pattern as it struggles to break through the $0.174 barrier. An examination of the daily chart reveals that the sideways movement in Dogecoin price is governed by a rising wedge pattern, which typically precedes a directional trend following a breakout.