Dogecoin Consolidates in Triangle Pattern Near $0.14 Support

⬤ Dogecoin’s price action reveals a well-defined triangle pattern on higher timeframes, with a descending trendline capping upside attempts while support holds firm around $0.14. This setup reflects months of consolidation after earlier volatility, and DOGE now sits near the pattern’s lower edge—a critical juncture for traders watching the next move.

⬤ The chart shows DOGE respecting the downward resistance line since late 2024, while buyers consistently step in around the $0.13–$0.14 zone. This support area forms the triangle’s base and has proven solid during recent dips. With price hugging this level, downside pressure appears to be easing compared to previous selloffs.

⬤ If support holds here, DOGE could bounce toward the $0.21 area within the triangle’s upper range. That level matches a previous reaction zone and a key Fibonacci retracement shown on the chart. Such a rally would mark a recovery from recent lows while staying within the overall pattern that’s shaped Dogecoin’s movement lately.

⬤ This triangle matters because long consolidation phases like this often set the stage for bigger directional breakouts. The pattern shows a standoff between selling pressure along the descending trendline and steady buying near long-term support. As DOGE hovers near the triangle’s floor, traders are focused on whether this base can spark an upward rotation or if sideways action remains the story for now.