- DOGE forms a symmetrical triangle; breakout above $0.22 may lead to a 60% move toward $0.36.
- Trading volume drops 34%, but long/short ratio above 1.9 shows traders expect upside.
- Analysts eye June 2025 for triangle apex as DOGE nears decisive move amid low volatility.
Dogecoin (DOGE) is trading at $0.1690, showing a modest 1.37% gain in the last 24 hours. However, the meme coin remains in a tight consolidation range between $0.16 and $0.22. Analysts suggest that a decisive breakout from this range could lead to a major price shift.
Symmetrical Triangle Pattern Signals Upcoming Move
Dogecoin’s price action continues to follow a symmetrical triangle pattern on long-term charts. The setup features descending resistance from late 2023 and ascending support from earlier lows in 2024.
According to analysis prepared by Ali Martinez, this technical structure indicates a 60% move is likely once the price exits this narrowing range. A daily close above $0.22 could signal a breakout and push the price toward the $0.35–$0.36 area. On the other hand, if the price drops and closes below $0.16, the next support could be near $0.10.
Analysts recommend waiting for confirmation outside this range before concluding the next market direction. The current pattern has formed over several months, and volatility is declining. This often precedes strong momentum in either direction. Traders are monitoring the triangle’s tip, expected to converge by June 2025.
Volume, Whale Activity, and Market Sentiment Remain Key Factors
Trading volume has declined by 34.14% over the past day, reaching $677.92 million, suggesting lower participation. However, the long/short ratio on major exchanges stands above 1.90, showing that most traders still expect upward movement.
According to analysis from CryptoELITES, similar patterns in the past have led to strong breakouts. Additionally, Javon Marks suggests DOGE may rally toward $0.65 and potentially $1.25 under favorable conditions.
Trader Tardigrade, referencing the hourly chart, stated that “a breakout is on the horizon,” reinforcing expectations for a near-term directional move.
