The price of Dogecoin (DOGE) has been declining and may experience a breakdown of a falling wedge pattern, potentially pushing the price to $0.13. The decline in the crypto market led to a pullback of 16% for Dogecoin, and it has breached the $0.20 mark. The daily chart shows a surge in DOGE's price initially, but it plunged by 16.78% and is now trading below the 50% Fibonacci level. The 50 and 200 EMA lines are converging, indicating a potential death cross event, and the RSI is returning to oversold territory. The futures market shows a shift towards short positions, and the open interest in Dogecoin has dropped. If the falling wedge pattern breaks down, the price could test the 23.60% Fibonacci level at $0.1315.



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