Dogecoin Price Prediction for Feb. 25: Falling Wedge, Rising Hopes?

• Dogecoin network activity has hit its lowest since October 2024, with only 66 whale transactions daily.
• DOGE’s fourth falling wedge pattern hints at a breakout, similar to past surges of 88%, 208%, and 445%.
• A breakout above $0.08 could trigger a sharp rally, while a drop below $0.055 may signal further downside.

Dogecoin’s network activity has hit a multi-month low, as the meme coin struggles to find bullish steam. On-chain data paints a picture of shrinking interest: DOGE whale transactions have cratered to just 66 per day, while active addresses have slumped below 60,000—a level not seen since October 2024.

Falling Wedge Pattern: Dogecoin’s Potential Lifeline?

Despite the downbeat data, traders are still holding onto hope, as chart patterns suggest a potential breakout. 

Technical analysts are pointing to DOGE’s current formation of a fourth falling wedge—a pattern that has historically come before major rallies. 

Related: Whale Activity, Buy Signals, and Liquidation Risks: A Closer Look at $XRP, $DOGE, and More

Looking back at previous cycles, this setup has indeed led to explosive rallies. The first wedge breakout shot up by 88%, the second skyrocketed by 208%, and the third leapt by a staggering 445%. If history serves as any guide, Dogecoin could be getting ready for another explosive surge.

Key Price Levels to Watch for DOGE

While short-term market mood remains uncertain, solid support is lurking near $0.06, with resistance levels at $0.08 and $0.12. A strong push above the wedge could catapult the meme coin to new heights. On the other hand, if selling pressure grows, a dip below $0.055 could crush the bullish outlook.

Related: Meme Coins Crash: Index Sinks 75%—What’s Next for $DOGE, $SHIB More?

Even with the current drop in on-chain engagement suggesting fading retail investor interest, experienced traders remain calm.

Traders Bet on Dogecoin’s Historic Rally Repeat

One trader recently bagged big profits on DOGE using a swing trade strategy—buying low and selling high. He initially bought DOGE at $0.09 , sold it at $0.42, and bought more on the way up. Now, they are closely watching for the next breakout. His anticipation of another ATH push aligns with Dogecoin’s historical patterns, boosting bullish sentiment among market participants.

Even though DOGE’s network activity remains slow, traders are laser-focused on the fourth falling wedge pattern. If the historical trend holds true, DOGE could soon enter price discovery mode.