Le Dogecoin tests its support after breaking the symmetrical triangle pattern

Dogecoin price action reveals a particular technical structure: after breaking out of a symmetrical triangle pattern on the H4 timeframe, the price is currently at $0.14 (up +2.04% over 24h). This symmetrical triangle pattern, which had formed during consolidation, has given way to downward pressure, pushing the price below the critical threshold of $0.123.

Technical analysts project several scenarios for the coming weeks. The first target sets a decline range toward $0.10 to $0.11 representing a potential pullback of 15% from the highs. Without significant bullish intervention, DOGE could deepen its decline and test the floor at $0.096 with extreme risk pointing toward $0.08.

However, not all analysts adopt this purely bearish view. Some market observers anticipate a lighter correction, with a rebound to levels observed in late November. This scenario could initiate a recovery phase, opening the door to a more ambitious rally targeting $0.18 .

The symmetrical triangle pattern remains a key element of this analysis: its breakout generally confirms the direction of the dominant trend. For Dogecoin investors, monitoring these technical levels is crucial to anticipate the next price movements.