DOGE Breaks Triangle Pattern, Analyst Warns of Next Leg Down

TL;DR Dogecoin breaks triangle formation, analyst warns price could fall toward $0.17 Fibonacci support ￰0￱ projects the next wave rally could send DOGE between $1.00 and $1.40 ￰1￱ open interest steady at $3.32B, while options trading surged as traders prepare ￰2￱ From Triangle Formation Dogecoin (DOGE) has moved below a symmetrical triangle formation after weeks of sideways ￰3￱ move was flagged by market analyst Ali Martinez, who suggested the breakdown could pressure prices lower in the short ￰4￱ $DOGE breaks out of a triangle, targets $0.17! ￰5￱ — Ali (@ali_charts) September 2, 2025 The chart points to resistance near $0.22, while immediate supports are located at $0.20 and $0.19.

If the bearish move continues, the next target sits at $0.17, a level that matches the 1.272 Fibonacci ￰6￱ to the analyst, “Dogecoin $DOGE breaks out of a triangle, targets $0.17!” At the time of writing, DOGE was valued at around $0.22 with a 24-hour trading volume of $1.95 ￰7￱ token has gained 1% in the past day, though it has slipped 3% over the ￰8￱ Outlooks From Market Analysts While one view suggests a move toward $0.17, another long-term chart shared by Bitcoinsensus shows a potential ￰9￱ the weekly timeframe, DOGE continues to track within a logarithmic uptrend channel.