Dogecoin Forms Third Ascending Broadening Wedge on 3-Month Chart

⬤ Dogecoin is showing a rare long-term chart pattern on the 3-month timeframe, where price action has formed into a large Ascending Broadening Wedge. This formation marks the third giant Ascending Broadening Wedge in Dogecoin’s history, highlighting a recurring structural pattern that only appears on higher timeframes.

⬤ The chart displays DOGE/USD price action creating progressively higher highs and higher lows, while the gap between the upper and lower trendlines keeps getting wider. This expanding structure points to growing volatility over time instead of tight consolidation. The pattern shows up clearly across several multi-year periods, with each wedge leg staying within the rising boundaries marked on the chart.

⬤ Inside the current Ascending Broadening Wedge, Dogecoin candles swing between strong upward moves and corrective pullbacks, with each swing covering more ground than the last one. Recent price action stays contained within the wedge, with no confirmed breakout or breakdown yet. This matches typical expanding formation behavior, where price keeps bouncing between trendlines rather than picking a clear direction.

⬤ The third large Ascending Broadening Wedge matters because it puts Dogecoin’s current market phase into long-term perspective. Instead of chasing short-term momentum, the chart shows how DOGE keeps developing within a widening price framework. As long as price stays inside this structure, market watchers will likely focus on how Dogecoin behaves near the wedge boundaries, since these levels often drive long-term sentiment and volatility shifts.