DOGE Forms Third Falling Wedge With 450% Upside Potential

2026-01-17 07:54:02

⬤ Dogecoin is currently building a falling wedge on the weekly timeframe, with price squeezing between two descending trendlines. This compression pattern marks the third time DOGE has formed this structure on long-term charts, and the previous two instances both preceded explosive upward moves.

⬤ The chart shows how earlier falling wedges led to major rallies. The first wedge breakout delivered roughly 200 percent gains, while the second pattern produced an even stronger push of approximately 370 percent from bottom to top. Both structures share the same converging trendline characteristic now visible in the current formation.

⬤ Right now, Dogecoin sits inside the third wedge, trading well below its previous cycle peaks. If history repeats and price follows a similar expansion path, the chart projects a potential 450 percent advance that could push DOGE toward the 1.00 mark. This target is based purely on comparing past wedge breakouts and doesn’t guarantee future performance.

⬤ What makes this pattern significant is DOGE’s track record of big trend moves after long compression phases. The appearance of a third falling wedge highlights how these technical setups tend to repeat in crypto markets. While the chart doesn’t confirm when or if a breakout will happen, it clearly shows that similar conditions in the past aligned with strong directional rallies, making this current consolidation worth watching closely.

DOGE-0,37%

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