Why Dogecoin Price Might Slip Under $0.15: Insights from Bearish Reversal Pattern

Dogecoin price has seen a bullish recovery this month, increasing its market cap by 12.2% to reach $24.5 billion. The price of DOGE has now surpassed a key psychological level of $0.16 and is challenging a bearish confluence. The daily chart reveals a rising wedge pattern, characterized by two converging ascending trendlines. This pattern is typically indicative of a potential bearish reversal. Will the meme coin surpass $0.20 this month, or will it crack under the support trendline?