DOGE Wedge Breakout Stalls at $0.07312 Amid Lopsided Liquidations
After weeks of consolidating inside a shrinking pattern, Dogecoin (DOGE) broke out of a falling wedge and is now retesting its breakout zone.
The price reached as high as $0.07312 before getting rejected and sending DOGE back down to test the same area it just cleared.
This kind of retest is common after a wedge breakout and can be seen as a healthy pause rather than a failure, provided the retest holds and does not slice back below the wedge structure entirely.
According to TradingView's 1-day DOGE/USDT perpetual chart on Bybit, a close above $0.07312 opens the door toward $0.07946, then $0.09250, and finally the psychological $0.10 level.
On the other hand, a failure to hold this zone and a close below $0.06875 would flip momentum back in favor of sellers, pointing toward the next swing low support at $0.06767.