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

UnluckyMiner · 2026-01-13T08:35:41+00:00

Dogecoin is currently in a critical phase, having broken out of a symmetrical triangle on the H4 chart, signaling a potential downward trend. Trading at $0.14, it has dipped below $0.123, with support levels between $0.10 and $0.11. While bearish momentum prevails, a possible technical rebound towards $0.18 remains a consideration. The next few weeks will be crucial in determining market direction.

UnluckyMiner

2026-01-13 08:35:41

Abstract generation in progress

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.

DOGE-1,19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.