Dogecoin Eyes Key Trendline as Price Action Heats Up

The Dogecoin price is currently at $0.08909, down 0.8% over the last 24 hours. It's been moving inside a range of $0.08878 to $0.09174 with a market cap of $13.883B.

Dogecoin started as a joke in 2013 based on the Shiba Inu meme and has since become one of the most recognized and actively traded coins in the market.

The price is currently sitting just above a rising trendline that's held since late August, which could be a key level for Dogecoin's future price action.

If Dogecoin holds this trendline and volume picks up on a daily close, the first target is $0.09468. A confirmed break above that with strong volume opens the path to $0.10554, and continued momentum could extend all the way toward the Wolfe wave target near $0.12.