According to @TATrader_Alan, Dogecoin (DOGE) has formed a bearish rising wedge on the 4-hour chart with a breakdown that targets a revisit to the $0.12 area, source: @TATrader_Alan. The setup is invalidated if DOGE stays above $0.135 on the H4 timeframe, source: @TATrader_Alan.

According to Cas Abbé (@cas_abbe) on Twitter, Bitcoin dominance has peaked after breaking down from its 6-month rising wedge pattern and is now trending lower (source: Twitter, May 16, 2025). This technical breakdown signals a potential shift in market momentum, with a likelihood of a short-term fakeout rally before a larger decline. Historically, such patterns have preceded significant outperformance by altcoins, suggesting traders should monitor altcoin market caps and rotations closely. For crypto traders, this could indicate a favorable environment for altcoin trading strategies, as capital may flow out of BTC and into other digital assets (source: Twitter, May 16, 2025).

According to Trader Tardigrade, Dogecoin ($DOGE) may have entered a short-term (H4) recovery phase, following a breakdown from a rising wedge pattern and subsequent pullback within a parallel channel. This technical structure suggests potential upward momentum in the near term, as traders monitor for confirmation of the recovery phase on the 4-hour chart (source: @TATrader_Alan on Twitter, April 30, 2025).