Saad Ullah
As crypto markets continue to evolve, all eyes are turning to Dogecoin for signs of what's next. The popular meme coin is forming a compelling technical pattern that has traders buzzing about a potential breakout that could kickstart the next altcoin season.
Dogecoin (DOGE) Price Forms Symmetrical Triangle
DOGE has been stuck in a symmetrical triangle pattern, with prices slowly tightening around the $0.21–$0.22 area. The chart shows the coin is holding higher lows while hitting a descending resistance line that's squeezing the price action. These formations often lead to big moves in either direction.
Crypto trader @TheDonOfApes noted that DOGE's current setup might be an early warning sign for broader altcoin momentum, since the coin has historically served as a gauge for speculative market appetite.
Why DOGE Price Could Spark Altcoin Season
Trading at $0.2162 with a modest 1.86% daily gain, DOGE's triangle pattern suggests a potential breakout toward $0.35–$0.65 if it clears resistance. This matches previous cycles where DOGE rallies often came before wider altcoin runs.
If the upper resistance breaks, DOGE could quickly move to $0.36 and potentially reach $0.55–$0.65, offering roughly 200% upside. Many believe DOGE's strong liquidity and loyal community make it a natural leader during speculative phases.
Traders should monitor these crucial levels:
- Support: $0.20 (triangle baseline)
- Resistance: $0.24–$0.26 (breakout zone)
- Upside targets: $0.36, $0.55, and $0.65
A drop below $0.20 would damage the bullish case and shift focus to lower support levels. But as long as the pattern holds, the setup favors upward movement.
Saad Ullah
