Peter Smith
Dogecoin is back in the spotlight as traders watch one of the most compelling setups we've seen in months. The meme coin that captured hearts and wallets during previous bull runs is now sitting at a crucial technical junction. With price action compressing into a classic triangle pattern, the crypto community is buzzing with anticipation about what could be DOGE's next major move.
DOGE Price Weekly Setup: Pressure Builds
Dogecoin is grabbing attention again as it gets squeezed into a tight symmetrical triangle on the weekly chart. Right now, DOGE sits at $0.21478, bouncing between a weekly high of $0.22343 and a low of $0.20490.
Crypto analyst @_CryptoSurf pointed out that this formation is textbook material for a big breakout. He's noticed that Dogecoin has been consistently holding above the $0.17 level, creating higher lows, while that stubborn $0.30 resistance keeps pushing it back down. As we get closer to the tip of this triangle, the chances of a sharp move in either direction are getting pretty high.
DOGE Price Levels to Watch
The chart is giving us some pretty clear signals about what to keep an eye on:
Support: That $0.17 area is absolutely crucial – it's DOGE's last line of defense.
Resistance: Breaking above $0.30 could open the floodgates toward $0.55–$0.70.
Long-term potential: If this pattern plays out like the textbooks say it should, we could see DOGE pushing above $1.00 down the road.
The technical indicators are lining up nicely too. The 200-week moving average (shown in orange) is sitting comfortably below the current price, while the shorter-term average (in white) is pointing upward. This kind of alignment usually means the bulls are slowly taking control.
Peter Smith
