Dogecoin Rebounds Toward Key Resistance: Can Bulls Break the Symmetrical Triangle?

Source: ETHNews Original Title: Dogecoin Rebounds Toward Key Resistance: Can Bulls Break the Symmetrical Triangle? Original Link: https://www.ethnews.com/dogecoin-rebounds-toward-key-resistance-can-bulls-break-the-symmetrical-triangle/ Dogecoin is attempting a recovery after a sharp intraday spike pushed price off its recent lows, placing the meme-coin back inside a pivotal technical structure.

Traders are now watching closely as DOGE tests the upper boundary of a multi-week symmetrical triangle, a pattern often associated with major trend reversals when pressure builds long enough.

The move arrives at a moment when the broader market is rotating around macroeconomic decisions, adding extra volatility to assets positioned at technical inflection points. For DOGE, that inflection point is approaching fast.

A Symmetrical Triangle Signals an Approaching Decision

Analyst Trader Tardigrade highlights Dogecoin’s repeated interactions with both sides of the symmetrical triangle, forming a clear sequence of higher lows and lower highs, classic compression.

The pattern shows:

• Strong support at the lower boundary around $0.135–0.138
• Seller defense along the upper trendline near $0.150–0.152

DOGE just tapped the lower trendline again and bounced, marking another touchpoint that strengthens the structure. Symmetrical triangles typically resolve with an expanding move once the squeeze completes. The chart suggests that Dogecoin is shaping a bottoming formation, with momentum gradually rotating upward.

A breakout above the triangle’s upper line could trigger a move toward $0.160 and beyond, while a failure to hold the rising support could reopen the path back toward the mid-$0.13 zone.

What the TradingView Chart Shows Right Now

The 45-minute TradingView chart mirrors this compression:

• A sudden vertical spike lifted DOGE from the lows, signaling a burst of liquidity and short-term demand.
• Price has since cooled off, drifting sideways while staying above earlier intraday lows, a constructive sign for continuation.
• Volume increased sharply during the spike, then tapered off, indicating strong initial interest followed by consolidation.

This combination—volatility burst followed by tightening price action—aligns perfectly with triangle-based breakout setups.

Key intraday levels to watch:

• $0.152 → Immediate resistance & triangle ceiling
• $0.141–0.143 → Local support band
• $0.135 → Structural support at the triangle base

A hold above mid-range support keeps bullish scenarios intact.

The Setup Going Forward

Dogecoin is now entering a classic “directional expansion window,” where traders wait for a decisive reclaim or rejection.

If buyers regain momentum:

• A breakout above $0.152 would shift structure bullish
• First upside target sits near $0.160
• Pattern extension could support a mid-term continuation move

If sellers step in:

• A rejection at the triangle ceiling could force a retest of $0.141
• Breaks below $0.135 risk invalidating the bottoming narrative

For now, DOGE remains technically neutral but coiled, and markets often reward coiled structures with outsized moves once direction commits.