Dogecoin Price Triangle Nears Apex, 30% Move Expected Soon

Dogecoin nears triangle apex, with $0.24 as a key level for a 30% move.

Whales accumulated 680M DOGE in August, helping price stability near $0.23.

Key support lies at $0.22–$0.21, while $0.29 becomes the target if $0.24 flips.

Dogecoin (DOGE) is getting ready for a 30% price move as traders watch compressed price action within a tightening range. The token has been consolidating after recent volatility, and analysts are tracking whale accumulation, technical chart patterns, and market cycles. At the time of writing, DOGE was trading at $0.2297.

Symmetrical Triangle Formation and Breakout Potential

According to Ali Charts, Dogecoin has been trading within a symmetrical triangle on the 4-hour timeframe. The pattern began after DOGE rallied near $0.32 in mid-July and then retraced to $0.21 in late July

Throughout August, the coin traded between $0.22 and $0.26, forming higher lows and lower highs inside the structure. Analysts explained that symmetrical triangles often precede sharp moves once the pattern resolves

A confirmed breakout above $0.24 could pave the way to $0.29, while a breakdown could test $0.21 again. As the apex nears, volatility has compressed, and traders expect a decisive move in the coming sessions.

Whale Accumulation and Key Support Levels

Market data showed that whales purchased more than 680 million DOGE in August while many smaller traders reduced holdings. Analysts noted that this accumulation phase prevented deeper losses and supported the price during periods of selling pressure.

Source: BitGuru(X)

According to BitGuru, DOGE is now consolidating as the market attempts a pullback phase. The analysis pointed out that key supports remain near $0.22–$0.21, while bulls need to reclaim $0.255 to confirm further upside potential. If accumulation continues, it could provide the momentum needed for the next upward move.

Traders are closely monitoring whether $0.24 can be flipped into support. If this occurs, the next target zone could be $0.29, but if bears take control, DOGE may slide toward $0.21. With compressed volatility and muted trading volume, analysts believe the triangle’s resolution could trigger a 30% swing in price.

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