---
title: "Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked?"
url: https://diffcoin.com/dogecoin-price-stages-bounce-from-lower-border-of-second-falling-wedge-new-targets-unlocked/
description: "According to Rose Premium Signals on X (formerly Twitter), the Dogecoin price action suggests that it may be gearing up for a major breakout."
published: 2025-03-04
updated: 2025-03-04
author: "Mila"
site: "Diffcoin"
---

# Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked?

The Dogecoin price is currently bouncing off the lower border of a Falling Wedge pattern, signaling the potential for a strong upward momentum. A crypto analyst has explained that if the cryptocurrency can break above this boundary, it could reach several new bullish targets soon.

## Dogecoin Price Next Bullish Targets

Dogecoin is showing signs of a potential bullish reversal from downtrends as it bounces from the lower boundary of its second Falling Wedge formation. A Falling Wedge is considered a bullish technical pattern that appears when a cryptocurrency’s price forms two converging trend lines sloping downward. It indicates a possible recovery from bearish trends and a subsequent price surge after breaking above the upper trend line.

According to Rose Premium Signals on X (formerly Twitter), the Dogecoin price action suggests that it may be gearing up for a major breakout. The meme coin recently touched a critical support zone near $0.16896, where buyers stepped in to halt the downtrend. This price level marks the lower boundary of the second Falling Wedge, on which Dogecoin is currently bouncing.

A sharp bounce from the $0.16896 level could reignite previous bullish momentum, signaling that the worst of the correction may be over. In the last few weeks, DOGE’s price has been in a prolonged decline, driven by a broader market downturn and Bitcoin’s volatility. The meme coin is currently consolidating below the $0.2, aiming to stabilize its price after rallying to new highs earlier this year.

![Dogecoin](https://bitcoinist.com/wp-content/uploads/2025/03/Dogecoin-chart-from-Rose-Premium-Signals-1.jpg?w=980&resize=980%2C602)

Source: Rose Premium Signals on X

Rose Premium Signals has shared a 3-day chart indicating a gradual decline in Dogecoin’s selling pressure. If the meme coin successfully breaks above the Falling Wedge’s descending resistance, the analyst predicts a potential rally toward four major bullish targets.

The first target is $0.23, a key resistance level where profit-taking may occur. The second target is $0.287, a former support level turned resistance. The third is $0.340, which will mark a significant breakout that could fuel further gains. Lastly, the analyst predicted a long-term price target of $0.445 if DOGE can maintain its bullish momentum.

Looking at the trajectory of the analyst’s Dogecoin chart, the meme coin is expected to hit $0.445 before descending to the $0.291 support level. Subsequently, this decline is set to trigger another significant rally, pushing the meme coin’s price above $0.56.

## DOGE Price Decline Fuel Whale Accumulation

The Dogecoin price is currently trading at $0.19 after crashing by more than 10% in just one day. CoinMarketCap’s data reveals that Dogecoin experienced a slight price surge above $2 recently, but it failed to maintain its bullish momentum, leading to its present declined state.

Amidst this volatility and price crashes, Dogecoin whales are accumulating tokens at an alarming pace. A crypto analyst and Dogecoin supporter identified as the ‘Dogegod’ on X announced that these deep-pocketed investors have bought another 40 million DOGE tokens in the last 24 hours. This lofty purchase is equivalent to $30 million, signaling an increasing interest in the popular meme coin.

![Dogecoin](https://www.tradingview.com/x/PoqDvCo8/)

DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

[Source link](https://bitcoinist.com/dogecoin-bounce-from-key-pattern/)