Dogecoin Slides to $0.97 After Breaking Out of a Falling Wedge

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Dogecoin Slides to $0.97 After Breaking Out of a Falling Wedge

Jakarta, Pintu News – On February 26, Dogecoin (DOGE) opened at around $0.094 and then moved up gradually to strengthen with solid bullish momentum. The price briefly breached $0.102 and reached a brief peak around $0.105, but then experienced a sharp rejection at the upper area.

Since then, the market has moved lower and is now holding around $0.099, signaling momentum is fading along with short-term bearish pressure. If the $0.098-$0.099 area fails to hold, a further decline towards the initial breakout zone around $0.095 could potentially occur. Conversely, if the price is able to reclaim $0.102, the opportunity for an uptrend continuation could reopen.

So, how is the Dogecoin price moving today?

Dogecoin Price Drops 2.84% in 24 Hours

On February 27, 2026, Dogecoin slipped 2.84% over the past 24 hours, changing hands at $0.09780, or about IDR 1,643. During the same period, DOGE traded within an intraday range of roughly IDR 1,599 to IDR 1,693.

At the time of writing, Dogecoin’s market capitalization is estimated at around IDR 275 trillion, while 24-hour trading volume is approximately IDR 17.85 trillion.

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Dogecoin Breaks the Falling Wedge Pattern, Indicating a Potential Trend Reversal

Dogecoin broke out of a falling wedge pattern on the 4-hour chart (2/26), as highlighted by Tardigrade Traders, which indicates a potential change in market structure towards a trend reversal. This pattern generally appears when the downtrend begins to weaken and often signals the beginning of a bullish reversal.

The price bounced strongly from the $0.092-$0.094 demand zone, then surpassed the psychological level of $0.100. The breakout candle showed a strengthening momentum accompanied by increased participation of buyers, leading to the conclusion that sellers’ control is starting to wane.

For confirmation, DOGE needs to maintain price movement above the previous wedge resistance area, which is around $0.098-$0.100. If this zone is able to hold, the chances of bullish continuation and trend reversal scenario become stronger.

If momentum is maintained, upside targets around $0.105 and $0.110 are the areas to watch. Increased volume will strengthen the validity of the breakout structure. Even in the event of a pullback, as long as the price stays above the support, the bias is still in favor of a new uptrend forming.

Dogecoin Price Enters Third Accumulation Phase

The Dogecoin price is said to be still moving in a recurring mini-cycle pattern, according to Bitcoinsensus. Each cycle generally begins with a relatively long accumulation phase, characterized by sideways price movements and low volatility. During this phase, the price forms a base while market participants slowly build positions.

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A similar structure is also seen in the earlier phases of the same cycle and is then followed by a strong upward expansion. This repeating pattern leads to a more controlled accumulation rather than a random consolidation.

In the previous mini-cycle, the accumulation phase continued into a sharp markup phase, resulting in a rally of about 190% and a subsequent one of about 480%. Each rally was then followed by a correction phase that eased the momentum without breaking the grand structure of the movement.

The current price action resembles the previous accumulation zone, but formed at higher levels. This indicates that demand is persisting despite the ongoing correction. If the cyclical pattern repeats, this third accumulation phase could potentially be the foundation for the next upside breakout.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

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