DOGE's Symmetrical Triangle Pattern Breakdown: What Traders Should Watch

FOMOSapien · 2026-01-13T08:38:06+00:00

Dogecoin has broken below a critical support level, signaling potential further declines. Technical analysts set price targets at $0.10-$0.11 and deeper support around $0.096, with a possible extreme low of $0.08, while market dynamics remain uncertain.

FOMOSapien

2026-01-13 08:38:06

Abstract generation in progress

Dogecoin has breached a critical technical level after breaking below the support defined by a symmetrical triangle pattern on the 4-hour timeframe. The recent price action has taken DOGE below the $0.123 mark, signaling a shift in momentum that traders are closely monitoring.

Technical Breakdown and Price Targets

The breakdown from the symmetrical triangle pattern suggests a potential extension towards lower price levels. Technical analysts point to two primary zones: a first target range between $0.10 and $0.11, followed by deeper support around $0.096, with an extreme bearish scenario potentially reaching $0.08.

Current market data shows DOGE trading at $0.14 with a modest 24-hour gain of +0.45%, though this recovery remains limited in scope given the technical deterioration on higher timeframes.

Multiple Scenarios Ahead

The trajectory from here depends on whether buying pressure can materialize at current support levels. Should bullish momentum fail to establish, the bearish case remains intact with downside risk still substantial. Conversely, some market participants anticipate a potential bounce back to late November price levels, which could set up a foundation for an eventual push towards $0.18.

The symmetrical triangle pattern breakdown serves as a reminder that technical formations provide roadmaps, but confirmation through price action remains essential for traders managing their positions in this volatile phase.

DOGE8,3%

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.