🚀 Dogecoin Eyes \$1.40 as Broadening Wedge Signals Next Breakout

Dogecoin (DOGE) is showing signs of reigniting its long-term bullish momentum, with analysts pointing to a potential rally toward **\$1.40**. Currently trading at \$0.2322 and up nearly 7% in 24 hours, DOGE is sitting inside a broadening wedge pattern that has guided its market structure since 2023.

🔎 Technical Structure: Broadening Wedge & Growth Cycles

Dogecoin’s price action has followed a logarithmic growth cycle marked by widening volatility and higher highs:

Wave 1: +290% rally to \$0.23

Wave 2: +440% surge to \$0.50

Current Phase: Consolidation with bullish pressure building

If history repeats, DOGE could target \$1.40, representing a +740% surge from its base level.

📊 Market Strength & Liquidity

Dogecoin’s fundamentals are aligning with the bullish technical setup:

Price:\$0.2322 (+6.93% daily)

Volume: \$2.89B (↑ 152.82%) → strong retail + institutional interest

Market Cap:\$35.03B → firmly in the top 10

*Supply: 150.85B DOGE in circulation, no future inflation

Volume-to-Market Cap Ratio:8.25% → excellent liquidity

High liquidity + strong volume suggest healthy price discovery and room for expansion.

⚡ Key Levels to Watch

Support: \$0.22 → critical zone for bulls

Resistance: \$0.25 → breakout here could trigger a short squeeze

Target: \$1.40 → wedge structure points to this level as the next milestone

✅ Conclusion: Beyond the Meme

Dogecoin has matured beyond its meme coin origins, evolving into a technically sound, institutionally tracked asset. With a broadening wedge structure, surging liquidity, and growing adoption, the path to \$1.40 looks increasingly realistic in 2025.

The next leg of DOGE’s ascent may already be underway.

#Dogecoin #DOGE #Crypto