Dogecoin Near $0.21 Could Drop to $0.17 or Rally Toward $1.40 as Triangle Breakout Tests Support

  • Triangle breakout near $0.21: immediate decision zone for DOGE.

  • Close below $0.20760 targets $0.19093 and $0.17166; resilience above $0.22170 opens recovery paths.

  • Historical rallies suggest potential for extended gains—analysts cite prior surges and accumulation cycles.

Dogecoin price: DOGE trades near $0.21 after a triangle breakout — read key support/resistance levels, expert signals, and short-term actions to watch next.

Dogecoin trades near $0.21 after a triangle breakout, with analysts split between a $0.17 drop or a rally toward $1.40.

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Dogecoin is trading near $0.21012 after breaking out of a symmetrical triangle. The price sits just below the 0.618 Fibonacci retracement at $0.22170, a pivotal level for possible trend change.

Dogecoin price shows a mixed outlook: short-term downside risk if DOGE closes below $0.20760, versus a medium-term bullish scenario that needs sustained support above $0.22170 to target higher resistance levels and possible channel-led expansions.

The symmetrical triangle signals price compression with converging highs and lows. Analyst Ali indicates that a decisive close below $0.20760 (0.786 Fibonacci) could accelerate selling toward $0.19093 and then $0.17166. These levels align with Fibonacci extensions and act as technical and psychological support.

Close below the 0.786 Fibonacci retracement at $0.20760 increases momentum to lower Fibonacci extensions. Ali’s framework cites $0.19093 (1.000) as the next major support and $0.17166 (1.272) as a deeper target if sellers dominate. Traders view these levels as key liquidation and accumulation zones.


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Source: https://en.coinotag.com/dogecoin-near-0-21-could-drop-to-0-17-or-rally-toward-1-40-as-triangle-breakout-tests-support/