Dogecoin has entered a Wyckoff Accumulation pattern on the 1-hour chart after experiencing a 9.5% decline over the past week. The cryptocurrency is currently consolidating around $0.2415, with key support at $0.2333 and resistance at $0.2425. A spring formation in Phase C indicates a potential short-term recovery. The price has transitioned into Phase D, with a Last Point of Support identified. A breakthrough of the $0.2425 resistance level could signal the beginning of Phase E, suggesting further price movement.