After a significant decline from its peak of $0.48 in 2021, Dogecoin (DOGE) entered a period of consolidation. A falling wedge pattern on the price structure suggests potential for an upward breakout based on historical patterns. The current trading price sits around $0.15 on April 20, matching the 200-day exponential moving average (EMA), which often serves as a crucial support threshold. 70% below its all-time high marks a significant correction, but some technical indicators show potential for upward movement. Binance data shows DOGE maintained trading within $0.175 above $0.137. This range historically attracted investors during market cycles and has often been a key accumulation zone. Technical analysts believe that DOGE’s long-term trajectory remains in an expanding logarithmic channel, with past rallies bouncing off the midline and upper bounds of the structure. The 200 EMA at $0.15 provides essential support. A drop below this level might initiate further challenges to broader support levels around $0.135.