{"id":93363,"date":"2025-09-03T09:29:54","date_gmt":"2025-09-03T09:29:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93363"},"modified":"2025-09-03T09:29:54","modified_gmt":"2025-09-03T09:29:54","slug":"doge-breaks-triangle-pattern-analyst-warns-of-next-leg-down","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93363","title":{"rendered":"DOGE Breaks Triangle Pattern, Analyst Warns of Next Leg Down"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Dogecoin breaks triangle formation, analyst warns price could fall toward $0.17 Fibonacci support level.
\nBitcoinsensus projects the next wave rally could send DOGE between $1.00 and $1.40 long-term.
\nFutures open interest steady at $3.32B, while options trading surged as traders prepare positions.<\/p>\n

Breakdown From Triangle Formation<\/h2>\n

Dogecoin (DOGE) has moved below a symmetrical triangle formation after weeks of sideways action. The move was flagged by market analyst Ali Martinez, who suggested the breakdown could pressure prices lower in the short term.<\/p>\n

Dogecoin $DOGE<\/a> breaks out of a triangle, targets $0.17! pic.twitter.com\/5rk1IRxZME<\/a><\/p>\n

\u2014 Ali (@ali_charts) September 2, 2025<\/a><\/p>\n\n

The chart points to resistance near $0.22, while immediate supports are located at $0.20 and $0.19. If the bearish<\/a> move continues, the next target sits at $0.17, a level that matches the 1.272 Fibonacci extension. According to the analyst,<\/p>\n

\u201cDogecoin $DOGE breaks out of a triangle, targets $0.17!\u201d<\/p>\n

At the time of writing, DOGE was valued at around $0.22 with a 24-hour trading volume of $1.95 billion. The token has gained 1% in the past day, though it has slipped 3% over the week.<\/p>\n

Opposing Outlooks From Market Analysts<\/h2>\n

While one view suggests a move toward $0.17, another long-term chart shared<\/a> by Bitcoinsensus shows a potential rally. On the weekly timeframe, DOGE continues to track within a logarithmic uptrend channel.<\/p>\n

<\/a>Source: X<\/p>\n

Notably, the chart highlights a +290% surge from $0.08 to $0.23, followed by a +440% rise to $0.50. Based on this pattern, the next impulsive wave could lift prices between $1.00 and $1.40. The post noted,<\/p>\n

\u201cThis next wave could potentially lead to prices as high as $1.40.\u201d<\/p>\n

DOGE is consolidating near $0.217 and has been forming higher lows that keep the long-term channel intact. Analysts view this as the base for a larger move<\/a>, though short-term signals remain mixed.<\/p>\n

Whale Activity and Futures Market<\/h2>\n

On-chain observations show whales are currently inactive. As Martinez stated<\/a>,<\/p>\n

\u201cDogecoin $DOGE whales are staying on the sidelines. No major buying or selling pressure detected!\u201d<\/p>\n

Data from Coinglass adds further detail. Open interest in DOGE futures rose slightly by 1% to $3.32 billion, suggesting steady trader participation. At the same time, daily trading volume fell 14% to $5.05 billion, showing lighter participation.<\/p>\n

Options activity has surged, with volume climbing 1,057% to $1.86K, while open interest increased 132% to $2.76M. These shifts suggest traders are positioning for the next move as DOGE stabilizes near support.<\/p>\n

The post DOGE Breaks Triangle Pattern, Analyst Warns of Next Leg Down<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Dogecoin breaks triangle formation, analyst warns price could fall toward $0.17 Fibonacci support level. Bitcoinsensus projects the next wave rally could send DOGE between $1.00 and $1.40 long-term. Futures open interest steady at $3.32B, while options trading surged as traders prepare positions. Breakdown From Triangle Formation Dogecoin (DOGE) has moved below a symmetrical triangle […]<\/p>\n","protected":false},"author":0,"featured_media":93364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93363"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93363"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93364"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}