Dogecoin (CRYPTO: DOGE) is trapped in a tightening wedge between $0.088-$0.095, while Shiba Inu’s (CRYPTO: SHIB) burn rate surged 945% in 24 hours with over 3.1 million tokens permanently removed.
Dogecoin’s Wedge Compression
Dogecoin is forming a converging wedge at multi-month lows, with upper and lower trendlines squeezing price into a tight range.
The Supertrend at $0.1044 and Parabolic SAR at $0.0989 both hover just above, making any upside move an immediate test of resistance.
The Supertrend hasn’t flipped green yet despite weeks of sideways action, suggesting sellers haven’t fully given up.
Volume dropped 6.24% to $2.10 billion and open interest slipped 0.99% to $1.06 billion, typically signaling …