Dogecoin (DOGE/USDT) — 3 Drives Pattern Near Completion

Dogecoin price action is currently trading within a developing 3 Drives pattern, signaling that the market is nearing a potential exhaustion phase. This structure opens the probability of a $0.14 retest in the immediate short term before a possible reversal.

Key Technical Points:

- Support: $0.14 (potential completion of 3 Drives pattern)
- Resistance: $0.21 key breakout level
- Bias: Bullish reversal if $0.14 holds

As long as price continues to respect the $0.14 region, the pattern remains valid and structurally intact. A third and final drive into this zone would confirm the 3 Drives formation, completing the corrective leg before a potential rotation higher.

If a reversal reaction occurs from this area with a strong reclaim candle, it would likely initiate a new impulsive wave targeting $0.21 and beyond. However, failure to defend $0.14 would invalidate the pattern and risk extending the decline.

From a technical perspective, Dogecoin is approaching a key inflection zone — maintaining the $0.14 base could mark the beginning of a broader bullish rotation as the 3 Drives setup completes.