DOGE Traders Eye $0.150 Target as Price Forms Falling Wedge

Dogecoin (DOGE) is currently trading near $0.0835 as it forms a falling wedge pattern on its 1-hour chart.

The key resistance level for DOGE traders to watch is between $0.110 and $0.120, where Crypto With Gopal has flagged $0.150 as a possible target if the wedge breaks upward.

Open interest in DOGE rose 1.92% to $1.27 billion even as trading volume dropped 3.10%, suggesting traders are holding leveraged positions rather than closing them out.