- Analyst Ali warns a close below $0.20760 may lead to a drop toward $0.19093, extending risks to $0.17166.
- Bitcoinsensus shows Dogecoin’s history of surges, predicting a potential rally toward $1.40 if support levels hold.
- Short term bearish signals contrast with long term bullish cycles, placing Dogecoin at a decisive point in its market trend.
Dogecoin is trading near $0.21012 after breaking out of a symmetrical triangle. The price is just below the 0.618 Fibonacci retracement at $0.22170, a level often viewed as pivotal for trend change.
Triangle Pattern and Downside Concerns
According to analyst Ali, the symmetrical triangle illustrates price compression with converging lower highs and higher lows. This structure often precedes sharp moves, either upward or downward, depending on momentum strength.
He predicts a bearish continuation, with $0.20760, the 0.786 Fibonacci retracement, standing as the first key level to monitor. A decisive close below this point could accelerate pressure toward $0.19093, aligning with the 1 Fibonacci retracement.
This zone represents both technical support and a key psychological level for the market. If sellers maintain control, further targets emerge at the 1.272 Fibonacci level of $0.17166 and the 1.414 extension at $0.16239.
Bullish Potential
In contrast, Bitcoinsensus presents a bullish macro structure based on weekly timeframe. Their outlook emphasizes Dogecoin’s history of impulsive rallies, each surpassing the magnitude of the previous one.
Historical data shows a surge to $0.23 in early 2024 with a 290% gain, followed by a rally toward $0.50 with a 440% increase. This now predicts a potential expansion toward $1.40, a gain exceeding 700% if the channel remains intact.
The analysis points to accumulation cycles along the lower trendline, followed by rapid expansions that show a logarithmic growth movement. The current setup, marked by consolidation near support, suggests that Dogecoin could be entering another such cycle.
Make or Break Moment for DOGE
The short term and long term views show different perspectives. On one side, downside pressure builds near $0.20760, where a breakdown could extend toward $0.19 and lower Fibonacci levels.
On the other, resilience above $0.22170 and further gains past $0.23217 could sustain recovery toward $0.24314 and beyond. Bitcoinsensus says that maintaining support between $0.20 and $0.18 remains essential to keeping the bullish channel intact.
Failure at these levels could weaken the growth projection, but a sustained channel would support momentum toward $1.40 into 2026. This divergence between short term bearish pressure and long term bullish cycles shows Dogecoin’s most decisive period in months.
