DOGE under technical pressure: the symmetrical triangle signals a turning point

Dogecoin is currently undergoing a critical phase from a technical perspective. The symmetric triangle pattern observed on the H4 chart has finally broken, signaling an acceleration to the downside. The price, currently trading at $0.14, has already fallen below the psychological level of $0.123, marking the beginning of a potentially more pronounced correction.

The support levels in question

Experts emphasize that this technical breakdown could trigger additional selling pressure. The range between $0.10 and $0.11 represents the first potential stabilization zone, indicating a drop of about 15% from current levels. Beyond that, the market is watching lower levels: $0.096 and especially $0.08, which could serve as last defenses in case of rapid panic.

Two scenarios in competition

The bearish momentum remains dominant, but the story doesn’t end there. Some market observers do not rule out a technical rebound towards the late November highs. Such a reversal, although uncertain, could open the door to a rise up to $0.18, turning this correction into simple consolidation before a bullish restart.

The market remains suspended between caution and opportunism, with the coming weeks being decisive in settling this technical confrontation.