Dogecoin (DOGE) has formed an ascending triangle pattern on the daily chart, with resistance near $0.27–$0.28 and higher lows indicating building buyer pressure. This setup, characterized by a flat upper trendline and rising lower boundary, often resolves upward after multiple tests, reflecting seller exhaustion and accumulation. Recent rejections at resistance have left wicks, showing steady demand, while the pattern’s measured move projects a potential rally to $0.48–$0.50 if the breakout confirms. As of October 6, 2025, DOGE trades at $0.2579, up 2.54% daily, with a $39.01B market cap and $3.1B volume.
The $0.23–$0.24 zone serves as critical support, where buyers have defended multiple times, preventing deeper pullbacks. A break above $0.31 could accelerate momentum toward $0.35–$0.40 interim resistance, aligning with broader meme coin sentiment if Bitcoin stabilizes. Analysts note that volume expansion is essential for confirmation, as the pattern’s coiling action precedes volatility, potentially resolving bullish in line with historical trends. X discussions emphasize staying alert for a weekly close above $0.27–$0.31 to validate the setup.
A decisive daily or weekly close above resistance with rising volume would confirm the breakout, drawing sidelined traders and short covers. Invalidation occurs below the rising trendline, potentially targeting $0.20 and erasing bullish structure. The $0.30 psychological level is pivotal, as clearing it could fuel acceleration, especially amid meme coin rotations. While RSI and MACD show early bullish signals, overbought conditions or broader market weakness could lead to consolidation.
Dogecoin’s pattern positions it for a potential 50%+ rally if momentum holds, with $0.50 as a key target amid 2025’s altcoin season. Monitor volume and Bitcoin’s stability above $112,000 for confirmation. Dollar-cost average with stop-losses below $0.23, diversifying into ETH ($4,525.66) or USDC to manage risks. Follow X analysts like @Bitcoinsensus for updates. Long-term, DOGE could see parabolic gains if meme sentiment reignites.
