Dogecoin has been consolidating in a 9-month ascending triangle pattern and is approaching a critical breakout level.
The Setup:
📊 Pattern Formation: Clean ascending triangle forming since early 2025
Rising support shown by the blue ascending trendline - multiple higher lows
Horizontal resistance at approximately $0.28-$0.30 tested several times
Bottom support around $0.22 has held firm
Current price: $0.26, coiling near the apex of the triangle
🎯 Potential Target: $0.38-$0.40 zone (blue shaded area)
Measured move: Triangle height ($0.18) added to breakout point ($0.30)
Interestingly, this aligns with the previous resistance from earlier in 2025 around $0.40
What to Watch For Validation:
✅ Decisive Close Above $0.30
Need a strong daily candle close above $0.30 to confirm breakout
Not just a wick - a solid body close
✅ Volume Surge
Breakout must occur with significantly elevated volume
Compare to recent average volume - need at least 2-3x normal
✅ Retest Success
After breaking $0.30, watch for pullback to hold this level as new support
Failed retest = failed breakout
✅ Follow-Through
Price should push toward $0.35+ relatively quickly after confirmed breakout
Key Levels:
🔸 Resistance: $0.28-$0.30 (breakout level)
🔸 Support: $0.22 (triangle bottom) - break below invalidates pattern
🔸 Previous high: $0.40 (from chart history) - major resistance if we get there
Pattern Context:
Ascending triangles are bullish continuation patterns with approximately 70% success rate when volume confirms. However, we're near the apex, which means a move is likely coming soon - either up or down.
Invalidation:
Break below $0.22 support
Multiple rejections at $0.30 with declining volume
Extended consolidation without resolution
Triangle patterns must resolve. Watch for that decisive move above $0.30 with volume. Not financial advice - DYOR.
The Setup:
📊 Pattern Formation: Clean ascending triangle forming since early 2025
Rising support shown by the blue ascending trendline - multiple higher lows
Horizontal resistance at approximately $0.28-$0.30 tested several times
Bottom support around $0.22 has held firm
Current price: $0.26, coiling near the apex of the triangle
🎯 Potential Target: $0.38-$0.40 zone (blue shaded area)
Measured move: Triangle height ($0.18) added to breakout point ($0.30)
Interestingly, this aligns with the previous resistance from earlier in 2025 around $0.40
What to Watch For Validation:
✅ Decisive Close Above $0.30
Need a strong daily candle close above $0.30 to confirm breakout
Not just a wick - a solid body close
✅ Volume Surge
Breakout must occur with significantly elevated volume
Compare to recent average volume - need at least 2-3x normal
✅ Retest Success
After breaking $0.30, watch for pullback to hold this level as new support
Failed retest = failed breakout
✅ Follow-Through
Price should push toward $0.35+ relatively quickly after confirmed breakout
Key Levels:
🔸 Resistance: $0.28-$0.30 (breakout level)
🔸 Support: $0.22 (triangle bottom) - break below invalidates pattern
🔸 Previous high: $0.40 (from chart history) - major resistance if we get there
Pattern Context:
Ascending triangles are bullish continuation patterns with approximately 70% success rate when volume confirms. However, we're near the apex, which means a move is likely coming soon - either up or down.
Invalidation:
Break below $0.22 support
Multiple rejections at $0.30 with declining volume
Extended consolidation without resolution
Triangle patterns must resolve. Watch for that decisive move above $0.30 with volume. Not financial advice - DYOR.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.