Dogecoin (DOGE) Again makes waves on a crypto market. This time this is due to a fascinating technical education that forms its price schedule: a symmetrical expanding triangle. Known to the dark periods of increased volatility and potential The possibility of a breakthrough, this model has traders and investors on the edge of their places, wondering what will happen for the dog.
A symmetrical expanding triangle is a rare and dynamic formation, marked by its expanding price range and converging trend lines. For Dogecoin, this drawing reflects the tug of the rope between bulls Both the bear, and not one of the sides has yet received a transparent upper hand. As the triangle continues to develop, the probability of decisive price movement is growing, which will prepare the soil for an explosive breakthrough or breakthrough.
Analysis of the current price action of Dogecoin in a growing triangle
Dogecoin price action within the framework of a symmetrical expanding triangle involves an increased market Indecision, both bulls and bears are trying to affirm dominance. The expanding nature of the triangle indicates an increase in volatility, and each price becomes more extreme.
Currently, the dog fluctuates between the upper resistance The trend and lower line of the support trend of the expanding triangle. Each swing is becoming more pronounced, with a large amount of $ 0.2923 and a smaller minimum of $ 0.2403, which reflects an increase in market uncertainty and aggressive trade.
These key support and resistance Tender lines will determine the next large move. If buyers push the price to the upper border, a breakthrough can signal the bull continued. And vice versa, a drop to the bottom line of the trend hints at the possible Bear accident.
Volume trends and technical indicators, such as RSI, will provide additional confirmation of market moods, since DOGE is approaching the decisive step. RSI growing to the threshold of 50% may indicate growth strengthening pulseWhile the movement continuing down can strengthen the bearings. In addition, the increase in volume along with a jump in prices will support sustainable rally Although a decrease in volume leads to a weakening of condemnation among market participants.
Key levels to monitor the confirmed breakthrough
Since the DOG continues to trade in the framework of a symmetrical expanding triangle, the determination of key levels for a confirmed breakthrough is crucial for merchants and investors. When a bull or bear breakthrough occurs, it can signal the beginning of a new trend, which makes it necessary for thorough monitoring of these levels.
In particular, the strong closing above the upper boundary of the drawing is about 0.2923 US dollars in combination with a noticeable surge In the volume of bidding, would confirm up break outThis step is likely to lay the way for further growth, leading the price to $ 0.3563 or older.
However, if DOGE cannot hold the support of about $ 0.2403, the sale pressure can increase, which will increase the price to $ 0.1800 or below. Sustainable bear stroke below this level indicates a deeper correctionAttracting historical zones of support in focus.
