- Dogecoin nears the apex of a multi-year ascending triangle, with repeated tests of $0.48 signaling growing breakout pressure.
- Consistent higher lows and compressed price action suggest Dogecoin’s technical structure is primed for a potential bullish breakout.
- After three major rallies since 2024, Dogecoin’s chart maturity and strong accumulation point to a decisive move above $0.48 soon.
Dogecoin is flashing breakout signals as it nears the apex of a massive ascending triangle on the weekly chart. The memecoin, currently trading at $0.16381, has held firm within long-term technical boundaries. Price has steadily moved upward since late 2022, forming consistent higher lows. Market observers are now watching the $0.48 resistance level, a critical threshold that has capped multiple rallies since 2024.
Source: CryptoAnup
Dogecoin first broke out of a descending wedge in early 2024, setting the stage for a long-term bullish structure. Since then, it has built a multi-year ascending triangle—an extremely bullish pattern. This setup began forming in September 2022 and continues to evolve. The triangle’s top remains flat at $0.48 while its base slopes upward, linking higher lows over time.
Three Major Rallies Inside the Triangle
The pattern has hosted three strong rallies. The first peaked around $0.22 in spring 2024, followed by a correction to support. Later in 2024, Dogecoin surged again, briefly touching the $0.48 mark. It failed to break through but held support once more. Currently, a new wave is pushing toward the same resistance, showing strength.
Each bounce has been stronger than the last, with volume staying consistent during consolidation phases. This shows healthy market participation and accumulation. Besides, the triangle has compressed enough to signal a likely breakout soon.
A breakout above $0.48 could unleash a strong upward move. Technical projections from the triangle’s height suggest significant gains. The blue arrow shows this possible trajectory. Additionally, the pattern’s maturity suggests a resolution is close. The $0.48 barrier has been tested several times. Each test adds pressure, making a breakout more likely.
