The post Dogecoin Price Attempts 31% Breakout Despite DOGE Whale Pressure appeared com. Key Insights: Dogecoin price faces heavy pressure from whale selling and weak market sentiment. A 31% breakout needs DOGE to clear $0. 15, $0. 16, and $0. 193 soon. Falling under $0. 13 puts new lows back in play despite the wedge bounce. Dogecoin price is trying a 31% breakout this week, but the chart still shows mixed signs. DOGE has bounced from the lower line of a falling wedge, an otherwise bullish pattern. But the cryptocurrency still needs to clear $0. 15, $0. 16, and $0. 193 before the breakout becomes real. The crypto market is weak, so the move is still not safe. All signs together show that the DOGE price is in a tight spot, and the next few levels decide what comes next. But these levels aren’t the only ones stressing out a breakout move. Dogecoin Price Needs Key Levels To Confirm Strength Dogecoin price sits well inside a falling wedge pattern. This pattern often shows that sellers are getting tired. DOGE touched the lower line and bounced up, which is a good early sign. But the chart still has three strong barriers. DOGE must rise above $0. 15 first. If it clears this, the next barrier is $0. 16. The final line is $0. 193. Only when DOGE moves above all these levels can traders call it a 31% breakout attempt. 13, the trend becomes weak again. Prices can then drop to new lows if the market turns more negative. This is because $0. 13 is the line where the price stopped falling before. When a line like this breaks, it usually means sellers are in control again. The market outside Dogecoin also matters. Bitcoin is weak, and many altcoins are still under pressure. When the bigger coins stay under stress, smaller coins find it hard.
