Doge is trading near 0.095 USD, a level that marks a three-month low as the broader crypto downturn weighs on prices. Bitcoin and Ethereum also fell, weighing on altcoins across the board.
Technical indicators point to a possible rebound for Dogecoin. A falling wedge pattern is forming and the RSI remains in oversold territory, with the 12-hour chart showing price compression between two converging trendlines, a setup often preceding a directional move.
If the key support at 0.095 USD holds, downside risk could be limited and a short-covering rally may unfold. A breakout above the wedge could clear the path to the first resistance around 0.20 USD and the second at 0.30 USD, implying up to a 216% gain from the current price.
However, a rapid 100x surge seems unlikely given Dogecoin’s large market capitalization and spillover power. Investors are watching Maxi Doge, a new meme coin linking charting-focused trading narratives with a high-volatility, gamified futures concept, currently in pre-sale to attract early buyers before listing.
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