Dogecoin ( DOGE ) is still in a triangle pattern despite a 7% fall.

Dogecoin ( DOGE ) is trading within a narrowing range as analysts follow the symmetrical triangle pattern. This structure shows lower highs and higher lows, indicating that pressure is building up in preparation for a significant breakout. Does this price compression signal the next decisive move for DOGE?

###Symmetrical triangle model and price prospects of DOGE

The price of DOGE is fluctuating around the current level of $0.209. Although it has dropped 7% in the past 24 hours, this token is still within a symmetrical triangle pattern on the chart.

The symmetrical triangle pattern occurs when the peaks of the token move lower while the troughs move higher, creating a narrowing range. This pattern often signals market indecision, but at the same time also indicates that momentum is building up in preparation for a strong volatility when this structure resolves.

Analysts say this contraction reflects several weeks of consolidation. They note that the price has tested support along the lower edge of the triangle multiple times.

Each recovery shows that the buying demand remains intact, even when short-term corrections occur. The resistance level around $0.25 is the first important challenge if the token can break above.

According to technical analysis experts, consolidation cannot last indefinitely. They emphasize that narrowing ranges tend to release pressure suddenly. This will lead to rapid volatility in either direction when the triangle is resolved.

Source: Ali###Derivative data supports market pressure

At the time of writing, the open interest (OI) in Dogecoin derivatives has increased to about 1.7 billion dollars. Open interest measures the total value of existing futures contracts. An increase in open interest indicates higher speculative positions. According to analysts, this reflects stronger participation from leveraged traders preparing for volatility.

Spot trading activity also reinforces this view. The reported daily trading volume currently stands at around 98 million dollars. Analysts observe that sudden spikes in daily trading volume often coincide with stronger price movements. Stable trading activity will be a critical factor in confirming any breakout. Without continuous participation, price surges run the risk of quickly losing momentum.

The MACD indicator follows the relationship between two moving averages, still close to 0 at the current time. A bullish crossover of the MACD lines, supported by higher trading volume, could reinforce the bullish potential. Conversely, if the volume does not confirm, analysts suggest that the momentum remains weak, keeping DOGE's price within the triangle.

OI Dogecoin | Source: Coinalyze###Market influences on future prices

The narrowing pattern of Dogecoin is not the only one. Analysts point out that Bitcoin and other major tokens are also forming similar symmetrical triangle structures on their charts.

They stated that this signals a broader consolidation phase in the market, where many assets are waiting for a "push" to restart momentum.

Originally starting as a meme token, DOGE often reflects these broader cycles. Its trading history shows repeated speculative price surges, accompanied by long periods of consolidation.

Analysts believe that this context provides an overall view for the current setup, as a technical resolution move could attract attention across the industry.

If the price of DOGE breaks out of the contracting structure, analysts predict it could test resistance around $0.25 and then higher levels. Conversely, if the token cannot surpass the upper bound of the triangle, a correction could occur afterward.

They noted that both scenarios depend heavily on trading activity, derivative positions, and the overall market sentiment.

###Predicting the future as triangle pressure increases

DOGE is trading in a clear technical pattern at this time, and the next move depends on whether the volume and leverage agree with the price.

The combination of the symmetrical triangle pattern, increasing OI, and bursts of trading activity indicates that the triangle is about to be resolved.

Analysts say this structure indicates that the market is under compression pressure, with the breakout direction determining the next price trend of DOGE.

Dinh Dinh