Analyst Tardigrade highlights a possible formation of three bullish impulses on a daily basis. This is a three-legged structure with decreasing bearish extensions. It is noteworthy that these formations are often found in trend exhaustion areas.
The chart indicates that the third impulse is heading towards a historical demand zone. The responses of each previous segment were corrective, with less forceful follow-through. This behavior indicates that selling pressure has diminished over time. Meanwhile, the distance between the impulses is proportional, which favors structural validity.
It is worth noting that the pattern does not imply an immediate expansion. Rather, it prefers stabilization and then directional continuity. Therefore, the projection is consistent with base behavior, as opposed to a sharp acceleration.
In context, the agreement provides technical weight to the existing price positioning without overstating certainty regarding the future price performance of Dogecoin.
Dogecoin continues to trade in a descending wedge, as seen in the four-hour chart. This structure reflects controlled compression rather than a disordered drop. Demand has recently responded, as the price bounced off the lower limit, near $0.12.
At the time of writing this article, the market value of DOGE stands at approximately $0.1288 after a pronounced intraday recovery. It is noteworthy that the price has regained its short-term structure and remains above the wedge support. This movement often precedes quantifiable bullish efforts, rather than direct trend changes.
It is worth noting that the RSI has recovered from its oversold condition and now stands near 48. This change suggests a stabilization of internal strength. Meanwhile, the upper structure shows resistance around $0.153 and $0.183.
A confirmed resolution of the wedge would place the $0.20 zone in the spotlight. Therefore, the future performance of DOGE's price depends on maintaining higher lows and structural respect.
Ultimately, the price of Dogecoin has shown signs of improvement in its structural conditions, backed by the expansion of derivatives.
The structures of the analysts emphasize the defended demand and the controlled compression. If the price maintains higher lows and confirms the resolution of the wedge, the future price performance of Dogecoin could extend towards the $0.20 region.
