Dogecoin Eyes Recovery to $0.20 as Symmetrical Triangle Breakout Gains Traction

Dogecoin is attempting to stabilize after a sharp market-wide correction, holding the line at $0.13 even as bearish pressure continues to weigh on the broader crypto landscape. The asset has slipped 5% over the past 24 hours and remains capped below the $0.14 level — a reflection of the ongoing weakness across major cryptocurrencies.

This broader decline follows the Federal Reserve’s third rate cut of 2025, which ironically failed to lift sentiment. Instead of sparking optimism, the move deepened uncertainty and accelerated the selloff across risk assets. Adding fuel to the downturn, Oracle-led tech stocks suffered a notable pullback, while crypto markets absorbed a $166 million liquidation in BTC long positions.

Despite the turbulence, analysts are increasingly optimistic about Dogecoin’s ability to mount a significant recovery, with many pointing to a key technical formation that could lead the way.

Symmetrical Triangle Holds: Key Support Could Drive DOGE Toward $0.20

Crypto analyst Tardigrade noted that Dogecoin is currently interacting with a critical support area inside a symmetrical triangle pattern, a setup often associated with upcoming trend-defining breakouts.

On the weekly timeframe, DOGE continues to defend this support region — a performance that has sparked fresh expectations for a larger upside push. Some analysts argue that if this structure holds, Dogecoin may even have room to climb toward $1 in an extended rally.

For now, the more conservative target sits at $0.20, a level that aligns with the potential breakout projection from the triangle pattern.

Analysts have also floated the possibility of a 600% surge in a long-term scenario, provided the broader crypto market eventually regains momentum. While this remains speculative, the immediate technical foundation is drawing attention from traders seeking early signs of reversal.

DOGE Price Outlook: Breakout Incoming or Another Dip First?

At the time of writing, Dogecoin trades at $0.1343, down 5% on the day. The price has displayed considerable volatility recently, consistently facing resistance near the $0.15 threshold.

The asset is now revisiting the $0.13 support zone, a key battlefield likely to determine DOGE’s next major move.

Technical Indicators Show Mixed Signals

RSI: 51 → Neutral sentiment, neither overbought nor oversold.
MACD: Bearish divergence

MACD line crossing below the signal line
Negative histogram
Indicates possible continued downside pressure

If DOGE fails to maintain its footing above $0.13, analysts warn the price could slip toward the next support at $0.1250. A breakdown here would undermine the bullish triangle structure and open the door to deeper declines.

Source: DOGE/USD 4-hour chart: TradingView

On the other hand, reclaiming the $0.14–$0.15 resistance range would be the first concrete sign that buyers are regaining control, potentially confirming a bullish breakout attempt toward $0.20.

For traders, the message is simple: watch the $0.13 level closely. It’s the line between a rebound and further correction.

article from: lumechain.com

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