- Dogecoin is forming a symmetrical triangle on the 4-hour chart, with rising support and price nearing the critical $0.23 resistance.
- The daily chart reveals a cup and handle pattern, projecting a potential bullish move if the neckline at $0.24 is broken.
- Both volume and RSI suggest the market is still ranging between $0.21 and $0.24.
Dogecoin (DOGE) is holding inside a symmetrical triangle, as traders await a decisive breakout near $0.23. The 4-hour and daily charts on Binance show technical structures forming since mid-July, indicating reduced volatility and narrowing price movement.
Symmetrical Triangle Points Toward Potential Breakout
Crypto analyst Ali Martinez on X noted that Dogecoin is consolidating inside a symmetrical triangle. The pattern has developed from mid-July, showing higher lows and consistent resistance near the descending trendline. The price is now holding at $0.21, moving slightly below the 38.2% Fibonacci level, which sits at $0.22.
Fibonacci levels within the triangle pattern show key resistance zones at $0.23, $0.24, and $0.25.The price structure indicates that $0.23 is a key breakout level. A move above this level may lead to rallies toward $0.28 and $0.31, aligned with the 127.2% Fibonacci extension.
Failure to hold support at $0.20 may expose DOGE to the $0.19 zone. Since August 23, the price has formed consistent higher lows, maintaining support along the triangle base.
Cup and Handle Formation Suggests Bullish Structure
The daily DOGE/USDT chart on Binance is shaping a classic cup and handle pattern. The setup has been forming since mid-April and is now nearing completion. The handle, which shows the current short-term pause, is holding between $0.20485 and $0.21897.
Source: Doge Lord Via X
The neckline sits near $0.24 — a price level that has blocked breakouts in the past. If DOGE pushes through this point with strength, the chart points to a target near $0.42. Before pulling back, DOGE had reached a high of $0.27.
Since then, buyers have stepped in several times near $0.20, turning it into strong support.The latest trading volume was 67.87 million, showing steady but cautious activity.
Momentum tools show no clear trend. The MACD lines are close together with little change, while the RSI sits near 48.42, showing a balance between buyers and sellers. The hourly heatmap shows strong volume near $0.21 and $0.24, marking these as key support and resistance levels. Until Dogecoin breaks out, the price will likely keep testing these zones.
