Dogecoin Breaks Out of Falling Wedge: Could $0.16 Resistance Be Key?

Dogecoin (DOGE) broke free from a descending wedge pattern on April 19th, sending prices above the previously challenging support zone at $0.1550. A surge in trading volume adds fuel to this upward momentum. The recent price movement coincides with rising activity on the Dogecoin network, evidenced by an increase in active addresses. With DOGE currently hovering just below its four-month trendline, traders are closely watching for confirmation of a sustained breakout. 230,000 active addresses signify a growing community and user engagement despite potential resistance levels.