Dogecoin Price Prediction: DOGE Near Key Breakout Zone

Dogecoin Price Prediction Faces Decision at Key Triangle Compression

Dogecoin is facing one big choice point as volatility is narrowed by long-run compression. The analysts opine that the future trend will depend on the movements around the $0.16 support and $0.185 resistance levels to decide whether DOGE will move upwards or continue with the consolidation process.

Multi-Year Triangle Signals Tightening Price Structure

DonOfCharts, an analyst, identifies a long-term symmetrical triangle structure on the Dogecoin chart, adding that price remains trapped between a price decline resistance line in the 2021 high and an upward price trendline that originated in the middle of 2022. 

The coin is trading now around $0.177, which is slightly below the mid-point of this structure, meaning that it is less volatile and the trading range is getting smaller.

Source: X / DonOfCharts

As per the analysis, the most important level of support is the level of $0.16. A failure lower than this level might open the gateway to the zone of $0.12-$0.14, which is in line with past consolidation periods over several months. 

On the contrary, an established breakout of the upper border of the triangle can shift the long-term momentum to the bullish continuation, and the potential upside level is about $0.58, as shown on the chart.

Short-Term Momentum Builds as Buyers Test Resistance

Another analyst review by BitGuru proposes to enhance the short-term momentum since DOGE is already developing a higher-lows pattern, which means the resumption of buyer interest. 

The token has formed a strong foundation at around $0.155 and then has been able to climb back to the price levels of around $0.180-$0.185, where the market has been rejecting the price.

Source: X / BitGuru

BitGuru observes that a close that is convincing above $0.185 can be followed with a continuation into the $0.19-$0.20 resistance level. Not breaking the ceiling could lead to a temporary reversal around the $0.175, so as to gain ground again and then make another attempt higher. 

Bubble Risk Data Shows Moderated Speculation

Widened market indications of the Dogecoin Bubble Risk framework indicate that speculation is moderate relative  to the peaks of the previous cycles. In the past, bubble risks were high and were accompanied by acute rallies in 2017,2018, 2021, and 2024.

Source: TradingView / Bubble Risk Model

Since the price has been in the range of above $0.10 and the volatility is already compressed into a multi-year apex, the next significant movement will be the one where DOGE will move towards the bottom of the long-term triangle structure.