Dogecoin Forms Third Falling Wedge, Triggers Massive Pump Expectations

Dogecoin has formed its third falling wedge on the long-term support trendline, a pattern that has consistently triggered massive price pumps. According to an analysis of the cryptocurrency's monthly chart, this structure is identical to those seen in 2017 and 2020, which led to significant price increases. The analysis suggests that if history repeats itself, Dogecoin could be due for another major pump.

The current price of Dogecoin sits at $0.09, within the Bollinger Bands with upper resistance and lower support both at this level. Additionally, the 50- and 200-period EMAs are converging at $0.08, which is considered long-term support. Meanwhile, the neutral RSI reading of 53.42 combined with the MACD death cross indicates a brief consolidation before any potential continuation higher.

The analysis notes that price prediction models now focus on whether the 2026 repeat delivers the same outcome as previous instances. While no concrete predictions are made, the pattern's track record suggests it has never failed to trigger significant price action.