Furthermore, the meme-based coin is trading below two critical support levels: the 20-week exponential moving average (20-week EMA; the green wave) around $0.15 and the 50-week EMA (the red wave) near $0.17.
A pullback from the said price ceilings could have Dogecoin return to the falling wedge’s upper trendline to test it as a newfound support level. On the other hand, an extended decline risks invalidating the entire bullish reversal setup.
