Dogecoin, after falling from the symmetrical triangle, is engaged in a struggle around multiple support levels.

LiquidationWizard · 2026-01-13T08:39:14+00:00

The current state of Dogecoin shows a slight rise but remains in a bearish trend due to a recent breakdown from a symmetrical triangle formation, suggesting potential declines to key support levels around $0.10 to $0.11. However, analysts note a possible bullish scenario if buying support emerges around late November, potentially leading to a rise towards $0.18.

LiquidationWizard

2026-01-13 08:39:14

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Market Status and Price Trends

Dogecoin is currently trading around $0.14, with a 24-hour increase of 0.45%. However, on a larger time scale, this asset still appears to be facing a bearish phase.

Technical Pressure from Triangle Breakdown

A downward break from the symmetrical triangle pattern formed on the H4 chart has been confirmed. The breakdown of this important chart pattern exerts pressure to break below the key level of $0.123 from a technical analysis perspective.

Support Levels and Gradual Downward Scenario

According to technical analysis, a decline of approximately 15% from the current downtrend is expected, with the $0.10 to $0.11 zone serving as the initial support level. If selling pressure continues to intensify, further adjustments toward levels such as $0.096 or $0.08 are also possible. These price ranges are likely to be significant support levels for market participants.

Potential for a Bullish Scenario

On the other hand, not all scenarios are bearish. Some analysts anticipate buying support around late November levels, leading to a potential rebound. If this scenario materializes, it could serve as a foothold for an upward trend toward $0.18.

When making investment decisions, it is important to monitor market movements while being aware of these multiple price benchmarks.

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