Dogecoin Holds at $0.15 — Falling Wedge Suggests Breakout Could Be Imminent

Jakarta, Pintu News – The price of Dogecoin experienced a recovery by rising by 5% on December 3. After a sharp drop, DOGE broke the $0.15 level again, which could signal a potential bullish trend reversal.

However, the question is: is this really the start of an uptrend, or just a temporary bounce amid a broader market recovery?

The meme coin has gained more than 10% in the past two days, with support levels in the range of $0.13 to $0.15. Market activity is showing an increase, and trading volumes are also improving as buying interest returns.

This interest comes in the wake of a major surge in the crypto sector in general, with various coins experiencing significant recoveries in the past 24 hours.

Dogecoin Price Rises 2.16% in 24 Hours

On December 4, 2025, Dogecoin saw a 2.16% gain over the past 24 hours, trading at $0.1517 — approximately IDR 2,512. During the same period, DOGE moved within a range of IDR 2,438 to IDR 2,541.

At the time of writing, Dogecoin’s market capitalization is estimated at around IDR 387.73 trillion, with a 24-hour trading volume of approximately IDR 25.85 trillion.

Read also: Ethereum Price Jumps 6% Today: ETH Has the Potential to Experience a Gold-like Parabolic Rally!

21Shares files fifth filing for Dogecoin ETF launch

Dogecoin is gaining widespread adoption with the planned launch of a spot ETF in the United States. The 21Shares company has filed an amended S-1 document for the fifth time, and mentions a management fee of 0.50% paid weekly in Dogecoin.

The filing is pending final approval in the Section 8(a) effectiveness process, which is the last step before the ETF begins trading. The ETF will trade on the Nasdaq exchange under the stock symbol TDOG, and will track the CF Dogecoin-Dollar US Settlement Price Index.

The Pattern Emerges: Falling Wedge, Breakout Potential in Sight

According to analysts, the Dogecoin price chart has recently formed an important technical pattern known as the Falling Wedge. In this pattern, two trend lines approach each other: the upper line as dynamic resistance, and the lower line as dynamic support.

Analysts predict that the confluence of these lines could signal a potential breakout or breakout of the pattern, which may indicate a change in Dogecoin’s price direction.

These breakouts are now the main focus of traders and crypto enthusiasts as they can open up new trading opportunities.

Read also: Bitcoin Price Rises to $93,000 Today: Can BTC Rebound to $120,000 by Year-End?

Is DOGE Price Ready to Break $0.20 or is it in for a Correction?

As of December 3, the Dogecoin (DOGE) price jumped to $0.1505, registering a 5% increase. The RSI (Relative Strength Index) indicator stands at 61.49, indicating bullish market conditions.

DOGE is currently facing important resistance levels around $0.16 and $0.18. If it is able to break through both of these levels, then the path to $0.20 in Dogecoin’s long-term forecast could be open – although at those levels there is likely to be quite strong resistance pressure.

The MACD (Moving Average Convergence Divergence) indicator is also showing positive signals, with the MACD line now above the signal line – a sign of potential uptrend continuation.

In addition, the increased trading volume as well as the growing green bars on the histogram support the potential for further price gains in the near term. On the contrary, if the price fails to maintain the uptrend, a possible correction or decline could occur towards the support zone at $0.13 to $0.15.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Holds $0.15: Bullish Reversal or Just a Temporary Bounce? Accessed on December 4, 2025