OMG! DOGE Breaks Triangle! Is $0.31 Next or Just a Dream?

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TL;DR

  • Dogecoin (DOGE) broke out of a triangle pattern at $0.24, and Fibonacci levels say we might be headed to $0.31. 📈
  • Analysts are getting excited about DOGE’s recurring cycles, thinking it could smash through its $0.73 all-time high. 😱
  • Shorts have been wrecked, and DOGE is now chilling at $0.25, eyeing that pesky $0.26 resistance. 🧐

Symmetrical Triangle Breakout

Dogecoin, ladies and gentlemen, has finally managed to break out of its symmetrical triangle pattern after what feels like 87 years of consolidation. 💤 It did this near $0.24, pushing the price higher and, surprise surprise, confirming a bullish setup. 🤑

Right now, DOGE is hanging out at $0.25, supported by a solid $3.15 billion trading volume over the last 24 hours. It’s up 3% today and a whopping 16% over the past week. Yep, that’s how we roll. 💃

Fibonacci levels (because apparently they can predict the future) are in play here. The move above the 0.618 retracement at $0.24 is giving this breakout the serious credibility it needs. Next targets? Maybe $0.253, $0.27, $0.30, and let’s dream big-$0.32. 🔮 Crypto analyst Ali Martinez seems to think so:

“Dogecoin $DOGE breaks out of a triangle, targeting $0.31!”

– Ali (@ali_charts) September 10, 2025

And hold onto your seats, because long-term charts from Javon Marks show DOGE’s recurring triangle dance every few years. Remember 2014-2017? How about 2018-2020? Yep, those were followed by the 2021 pump that took DOGE to its glorious $0.73 high. Could we be seeing that again? Marks certainly thinks so:

“$DOGE (Dogecoin) to new All Time Highs in a nearly +200% gain!”

– JAVONMARKS (@JavonTM1) September 10, 2025

Ichimoku-Based Uptrend Signal

Wait, there’s more. Analyst Trader Tardigrade decided to whip out an Ichimoku chart for DOGE and surprise, surprise, the Chikou Span (fancy term for Lagging Span) crossed above the price. If you’re not into technical jargon, it’s basically a green light. 💚

“Chikou Span (Lagging Span) crossing above price, indicating a confirmation of uptrend. A long trade of $DOGE suggested.”

According to Tardigrade, the trend is firmly upwards right now, with a strong +4 uptrend score (whatever that means, but it sounds important). Support is holding strong at $0.23804, and resistance is eyeballing that pesky $0.26 zone. 🚀

Liquidity and Short Position Liquidations

In other news, DOGE has been stomping all over the short positions that had been accumulating. Those poor souls who thought they could short DOGE have had their dreams crushed. 💔 This has cleared the way for DOGE to move past $0.25, with liquidity sitting comfortably between $0.23 and $0.24.

If demand keeps flowing in, and DOGE pushes above that $0.26 level, we could very well be heading towards that sweet $0.31 target. Fingers crossed. 🤞

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2025-09-11 20:48