Peter Smith
⬤ Dogecoin punched through a contracting triangle on the 4-hour chart, ending weeks of sideways action. The meme coin had been stuck between tightening trendlines before finally breaking free to the upside.
⬤ Before the move, DOGE was grinding sideways in a narrowing range with volatility draining out of the market. The breakout happened right at the triangle's upper edge, and once that resistance cracked, buyers stepped in hard. Price jumped from around $0.09 and pushed toward the $0.115–$0.118 zone without looking back. This kind of setup isn't new—triangle pattern signals fresh rally shows similar technical breaks leading to momentum runs.
⬤ What stands out here is how cleanly DOGE broke through after spending days coiling up. Once it cleared that descending resistance line, there was no immediate rejection or fake-out. The follow-through was solid, suggesting real momentum behind the move rather than just a quick spike. You see this same compression-then-explosion dynamic in tightening consolidation pattern setups where converging lines squeeze before the price finally picks a direction.
⬤ Triangle breakouts matter because they often mark the end of choppy, directionless trading and the start of something trending. As long as DOGE stays above that broken resistance, it's showing the market has shifted gears from balance to movement. If price slips back inside the triangle, though, the breakout signal gets invalidated and all bets are off.
Peter Smith
