DOGE Traders Brace as Price Runs Out of Room
DOGE Traders Brace as Price Runs Out of Room
In Brief
- • DOGE is stuck in a tightening descending triangle.
- • Volatility is compressed and unlikely to last.
- • A decisive breakout or breakdown is near.
Dogecoin (DOGE)’s daily chart has entered a compression phase that traders closely watch for volatility expansion, after the meme coin completed a descending triangle formation, a structure that often precedes a sharp directional move once the price exited the pattern.
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Indeed, popular cryptocurrency expert Trader Tardigrade shared this analysis in an X post on December 30, which shows that the daily candle has now closed with price pressing into the apex of the formation, signaling that DOGE may be nearing a decision point rather than drifting sideways for much longer.
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