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DOGE Faces Bearish Rising Wedge Breakdown With $0.12 in Focus DOGE trades under pressure after a rising wedge breakdown, with technical charts pointing toward $0.12 while $0.135 remains the critical invalidation level for short-term structure. DOGE trades below rising wedge support, keeping downside risk active while price remains capped under $0.135. Neutral funding rates show futures positioning stays balanced despite DOGE drifting lower toward key support zones. The $0.13 level remains a short-term pivot separating consolidation from renewed bearish continuation. DOGE remains under controlled selling pressure as short-term technical structures weaken across intraday and swing timeframes. Price action suggests distribution rather than panic, while traders closely monitor defined support and invalidation levels for directional clarity. Rising Wedge Breakdown Shapes Market Bias The 4-hour chart shared by Trader Tardigrade outlines a mature bearish rising wedge on DOGE. The structure developed through higher highs and higher lows with diminishing upside momentum. Such formations often reflect buyers losing strength during an advance. Each push higher produced weaker follow-through. DOGE recently broke beneath the wedge’s lower boundary, confirming structural failure. Price did not reclaim the broken support trendline, suggesting acceptance below it. This behavior reduces the probability of a false breakdown. The tweet emphasizes continuation risk while price remains capped. The $0.135 zone stands as the clearly defined invalidation level. This area aligns with prior rejection and overhead supply. Sustained acceptance above it would negate the bearish setup. Until that occurs, upside moves remain corrective in nature. Downside Focus Centers on $0.12 Support Following the breakdown, attention shifts toward the $0.12 region as a downside target. This level aligns with earlier consolidation and visible demand on the chart. A move toward $0.12 would represent proportional follow-through. The decline continues to unfold in an orderly manner. $DOGE

DOGE Faces Bearish Rising Wedge Breakdown With $0.12 in Focus

DOGE trades under pressure after a rising wedge breakdown, with technical charts pointing toward $0.12 while $0.135 remains the critical invalidation level for short-term structure.

DOGE trades below rising wedge support, keeping downside risk active while price remains capped under $0.135.

Neutral funding rates show futures positioning stays balanced despite DOGE drifting lower toward key support zones.

The $0.13 level remains a short-term pivot separating consolidation from renewed bearish continuation.

DOGE remains under controlled selling pressure as short-term technical structures weaken across intraday and swing timeframes. Price action suggests distribution rather than panic, while traders closely monitor defined support and invalidation levels for directional clarity.

Rising Wedge Breakdown Shapes Market Bias

The 4-hour chart shared by Trader Tardigrade outlines a mature bearish rising wedge on DOGE. The structure developed through higher highs and higher lows with diminishing upside momentum. Such formations often reflect buyers losing strength during an advance. Each push higher produced weaker follow-through.

DOGE recently broke beneath the wedge’s lower boundary, confirming structural failure. Price did not reclaim the broken support trendline, suggesting acceptance below it. This behavior reduces the probability of a false breakdown. The tweet emphasizes continuation risk while price remains capped.

The $0.135 zone stands as the clearly defined invalidation level. This area aligns with prior rejection and overhead supply. Sustained acceptance above it would negate the bearish setup. Until that occurs, upside moves remain corrective in nature.

Downside Focus Centers on $0.12 Support

Following the breakdown, attention shifts toward the $0.12 region as a downside target. This level aligns with earlier consolidation and visible demand on the chart. A move toward $0.12 would represent proportional follow-through. The decline continues to unfold in an orderly manner.
$DOGE

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