Dogecoin is at a technical turning point. Price action has tightened within a narrowing triangle structure, and a harmonic pattern is nearing completion. The next move, up or down, could carry significant momentum.
Triangle Compression Puts Pressure on Key Resistance
Analyst ChiefraT has identified a tightening triangle formation on Dogecoin’s chart. The asset’s price has been squeezed between converging trendlines, a pattern that typically precedes sharp directional moves. At the time of the post, DOGE was testing the triangle’s upper trendline directly.
This is a critical juncture. When price compresses this tightly within a triangle, it builds pressure. A decisive break in either direction often follows swiftly and forcefully. The Relative Strength Index supports the bullish case. RSI has been climbing steadily and now sits near the upper zone, reflecting growing momentum behind the current price push.
The technical setup is notable for its confluence. Both price structure and momentum indicators are hitting critical levels at the same time. A confirmed break above triangle resistance could push DOGE toward the $0.105–$0.11 range. Sustained momentum above that level could open further upside. Failure to clear resistance, however, would likely extend the consolidation phase within the existing structure.
Harmonic Pattern Signals Possible Reversal
Analyst Klejdi Cuni has flagged a separate but equally significant development on the one-hour timeframe. Dogecoin has completed a harmonic pattern, with price tapping the D point, a zone historically associated with potential trend reversals.
Initial price reaction at the D point showed rejection. Buying interest appears to be weakening following the most recent push higher. The underlying momentum is fading. As long as DOGE fails to reclaim and hold above the D zone, the technical bias remains to the downside.
Source: https://coinpaper.com/16712/dogecoin-price-at-critical-inflection-point-triangle-breakout-or-harmonic-reversal-next
