Eseandre Mordi
⬤ Dogecoin's price just hit an important technical milestone after finishing the downside move from a symmetrical triangle pattern that showed up on the daily chart. The meme-coin reached the measuring target from that breakdown, wrapping up the bearish phase that's been playing out. Now that the old pattern is done, DOGE looks like it's moving into a new consolidation zone while the market figures out where to go from here.
⬤ The symmetrical triangle took shape over multiple sessions before breaking down and pushing DOGE lower toward the target zone. That target was calculated using the triangle's height, and it's now been touched. After completing the move, Dogecoin started trading in a tighter range, with the price showing early hints of trying to find its footing. A new pattern might be taking shape, though there's no clear trend confirmation yet.
The meme-coin has now met the measuring target of that breakdown, marking the conclusion of the earlier bearish move.
⬤ The charts show two possible directions depending on how Dogecoin behaves around these levels. The recent drop brought the price into an area where things are starting to stabilize, and traders are keeping a close eye on whether DOGE will bounce back or keep sliding. Right now, everyone's watching the developing pattern rather than betting on a clear direction either way.
⬤ This matters because it closes out one technical structure while opening up the next chapter in Dogecoin's price story. With DOGE sitting at a spot where traders are rethinking their positions, whatever pattern emerges could set the tone for how people feel about the coin in the near term as they wait for clearer signs of which way the trend is heading.
Eseandre Mordi
