- Dogecoin forms a symmetrical triangle on the 12-hour chart after an extended market decline.
- DOGE market cap recovers near $22.9B after sharp intraday swings and strong buying interest.
- Trading volume jumps above $1.17B, showing renewed participation during market volatility phases.
Dogecoin shows early signs of stabilization as price strength and market cap recovery develop alongside a symmetrical triangle pattern. Recent data suggests rising participation while traders track a potential shift in short-term structure.
Symmetrical Triangle Takes Shape on the 12-Hour Chart
Dogecoin forms a symmetrical triangle on the 12-hour chart, according to a recent observation shared by Trader Tardigrade (@TATrader_Alan). The structure appears after a broad downtrend and reflects compressing volatility. The pattern shows lower highs meeting higher lows, creating a tightening formation.
Touchpoints along both trendlines confirm active participation from both sides. Sellers remain present near the descending resistance, while buyers add strength at each return to the ascending support. This behavior often indicates a temporary stalemate as the market prepares for direction.
A recent rebound near the lower boundary shows renewed support. DOGE continues to trade within the formation while market participants monitor the mid-$0.15 region as the first resistance zone. The pattern remains valid as long as the structure holds and volatility stays controlled.
Trading Volume Rises as Price Attempts Stabilization
DOGE as of writing trades at $0.1419 after a mild intraday recovery. The session price activity lies within the price range of $0.136 and $0.143. The trend is characterized by active reshuffling of buyers and sellers when short-term conditions stabilize.
The volume of trading increased tremendously to $1.17B, an increment of over 90%. Increased turnover indicates fresh action in both downfalls and recoveries.The Volume-to-Market Cap ratio at 5.11% shows reasonable liquidity across the period.
Market participation strengthens during the rebounds, pointing to active positioning. The consistent responses from buyers after each dip help stabilize the short-term range. This action supports continued movement inside the symmetrical structure.
Market Cap Shows Reactive Swings Before Steady Recovery
Dogecoin’s market cap recovers to $22.94B after sharp swings over the previous 24 hours. Early declines pushed values near $22.3B before a strong recovery lifted the metric back toward recent levels. This V-shaped rebound marked one of the more active phases of the session.
A second decline followed before another upward shift restored the market cap near $22.9B. The gradual rise that followed showed calmer movement compared to earlier fluctuations. This shift reflects reduced stress in the order flow.
Stabilization near the upper range comes as higher lows appear on the market cap chart. With rising volume and steady buying interest, DOGE maintains a constructive short-term profile while trading inside the broader triangle pattern.
