Dogecoin’s Next Big Move May Already Be Charted

Dogecoin (DOGE) is showing early signs of life after weeks of downward pressure, and chart analysts believe that the latest development could mark a meaningful shift in momentum.

As it happens, DOGE has formed a symmetrical triangle, a technical pattern that often appears when a trend is preparing to reverse, on its 12-hour chart, according to the analysis shared by popular cryptocurrency expert Trader Tardigrade in an X post on December 8.

The pattern is defined by a series of lower highs and higher lows, exactly what Dogecoin has printed since mid-November. These converging trendlines represent tightening volatility, usually followed by a decisive breakout. With DOGE now pressing against the triangle’s mid-range, traders are watching closely for confirmation that the downtrend may finally be exhausting.

Why Symmetrical Triangles Can Signal Reversal Bottoms

Unlike continuation triangles that form in strong uptrends, symmetrical triangle setups during downward moves can indicate seller fatigue. That appears to be the case here, in which DOGE has tapped the structure’s lower trendline multiple times without breaking down, a sign that buyers are stepping in to absorb pressure.

At the moment, the famous meme coin is trading at $0.1440, up 3.3% on the day and gaining 4.59% across the past week, as it moves to erase the losses of 20.17% accumulated over the month, according to the most recent price chart information.

If the price continues to hold above the lower support and pushes toward the upper boundary of the triangle, analysts believe Dogecoin could set the stage for a trend reversal, especially if it breaks above the $0.15 region, where horizontal resistance and triangle structure align.

A clean breakout, paired with rising volume, would confirm the bullish shift. Until then, DOGE remains compressed inside the pattern, coiling for a larger move as volatility continues to contract. Whether Dogecoin chooses up or down, the pattern suggests one thing with high confidence, and it’s that the next decisive move is getting close.

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