Dogecoin (DOGE) may be on the verge of a significant breakout as it forms a falling wedge pattern on the charts. This pattern has historically led to sharp price surges for the cryptocurrency. If a breakout occurs, it could signal a rally for DOGE, with initial targets of $0.40-$0.50 and the potential for further gains toward $0.95-$1.05. However, failure to break out could result in extended consolidation or a retest of lower support. Traders are closely watching DOGE's trading volume to confirm the breakout, as increased buying pressure would support another surge. Funding rates and trading volume have both shown mixed indicators, with cautious optimism among traders and a decline in volume after reaching its highest levels in November.



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