Dogecoin (DOGE) Forms Potential Three Drives Pattern

Dogecoin price action is currently forming a potential three drives pattern, with price finding repeated resistance around the $0.18 region. This level continues to cap upside momentum, suggesting that the market may need to establish one more leg lower before a sustainable reversal can occur.

- Pattern Development: The three drives formation is in progress, requiring a third swing to confirm structure.
- Key Levels: As long as DOGE remains below $0.18, a retest of $0.14 support is likely to complete the pattern.
- Reversal Setup: A confirmed third drive at $0.14 could trigger a bullish rotation back toward upper range resistance.

From both a technical and structural perspective, Dogecoin is in the development phase of a reversal pattern that could shift short-term momentum once finalized.

Further consolidation and a controlled move into the $0.14 zone would solidify this setup before any upside expansion materializes.