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🚨💥✨️ DOGEUSDT Technical Analysis (4H)
The chart shows a rising wedge pattern, which is generally considered a bearish reversal setup.
Price is moving inside an ascending channel/wedge.
The overall trend before the wedge was strongly bearish.
Price is currently testing the upper boundary near 0.089-0.090.
A rejection from this area could trigger a downside move.
The marked red zone around 0.093-0.096 is a strong resistance/ supply area.
If the lower trendline breaks, the next support zone is around 0.078-0.080.
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$DOGE