- DOGE confirmed an upside breakout from a symmetrical triangle, showing buyers have absorbed selling pressure and momentum is building rapidly.
- The short-term support is at $0.26 -0.28 with the long-term targets being $0.35, 0.42, and 0.50 as the price keeps gaining momentum.
- Bullish crossover MACD with growing histogram indicates momentum and confirms the breakout and indicates possible further upward trend with the measured targets of $0.58 to 0.60.
On the 3-day chart, Dogecoin (DOGE) has affirmed an upward breakout of a long-term symmetrical triangle. This movement suggests a shift toward bullish momentum. Price action shows the cryptocurrency may target higher levels if buying pressure continues.
Symmetrical Triangle Breakout Signals Uptrend
DOGE/USDT recently broke above a converging trendline that had contained price swings for several months. The symmetrical triangle pattern compressed price action as highs and lows converged toward the apex. The breakout indicates buyers have absorbed prior selling pressure.
Accompanying volume surges and strong green candles validate the breakout. These indicators reflect pent-up demand and heightened trader activity around breakout levels. Traders often view such confirmations as a signal for further upward movement.
The measured target from this breakout projects DOGE toward the $0.58–$0.60 range. This represents nearly 165% potential gains from current breakout levels. Previous rallies have shown Dogecoin’s capacity for rapid price expansion once momentum builds.
Resistance Breaks and New Support
The break-out of the resistance of $0.26-0.28 above this value now makes this as immediate support. This level is important to continue the bullish trend. These support levels could be used by traders to gain or add positions with a lower downside risk.
Existing trend indicates that DOGE might retrace psychological levels at $0.35, $0.42 and 0.50. Every level can serve as a temporary goal and price can stagnate and then proceed. Historical trading patterns reinforce the possibility of a staged rally.
Clifton Fx, a market analyst,noted in a tweet, “$DOGE Symmetrical Triangle upside breakout has been Confirmed in 3d Timeframe.. Now Expecting Massive bullish rally.” This reinforces market observations and provides context for technical traders.
Technical Indicators Confirm Momentum
The daily chart illustrates a breaking of a downward resistance trendline which had limited rallies over several months by DOGE. . This breakout aligns with momentum indicators suggesting buyers control the market. The MACD on the daily timeframe confirms this shift.
The MACD line crossing above the signal line signals increased bullish strength. Expanding histogram bars support a continuation of upward momentum. Such readings indicate that the breakout is accompanied by both volume and momentum confirmation.
Strong technical conditions suggest the rally could extend toward higher targets. If buying pressure persists, DOGE may test key levels before reaching the ultimate measured target. Traders monitoring momentum and trendline confirmation may find actionable signals in these developments.
