DOGE Struggles as Technical Breakdown Triggers Downside Pressure

Dogecoin’s recent price action has turned decidedly negative following a decisive break below the H4 symmetrical triangle pattern, with DOGE currently trading around $0.14 (up 2.20% in 24 hours). The breakdown from this key technical formation suggests significant downside potential, with bears targeting a move toward the $0.10-$0.11 support zone—representing approximately 15% downside from the triangle resistance level.

Risk Scenarios Ahead

Market participants are bracing for potential further weakness if bullish momentum fails to materialize. The next critical breakdown levels sit at $0.096 and $0.08, representing areas where DOGE could face sustained selling pressure. This cascade of price targets underscores the vulnerability of the current technical setup and the importance of maintaining the triangle on the cheap as support.

Recovery Possibility

Not all analysts are bearish, however. Some market observers point to a potential retracement toward late November price levels as a possibility. Such a rebound could shift the technical picture and establish a foundation for a more substantial rally toward the $0.18 resistance zone. This scenario would require a reversal in the current momentum and a return of buying interest at elevated price levels.

Technical Outlook

The current environment demands disciplined risk management. Support levels remain critical—traders and investors should monitor $0.12, $0.10, and $0.08 as key decision points. Until Dogecoin reclaims technical strength, the bearish breakdown continues to weigh on near-term price prospects.