Dogecoin (DOGE) broke out and closed above the downtrend line of the falling wedge pattern on September 21, suggesting that the bulls are attempting a comeback.
DOGE/USDT Daily Chart | Source: TradingView
The bears are attempting to pull the price back inside the wedge, trapping the aggressive bulls. If they succeed, selling could intensify and the DOGE/USDT pair could drop to $0.09 and then $0.08.
On the other hand, if the price rises from the current level and rises above $0.12, this will indicate the start of a new bullish trend. The pair could rise to $0.14 and then $0.18.
