Dogecoin price is getting squeezed into a tight range, and it looks like a big move might be right around the corner. After months of bouncing between levels, the meme coin is now sitting just above a key support, and it’s crunch time.
According to market analyst Ali, if DOGE fails to stay above $0.168, we could see a serious drop, as much as 30%. He shared this warning in a post on X, highlighting that this price point is critical and needs to hold to avoid more losses.
Looking at the chart, Dogecoin has been forming a symmetrical triangle since February 2025. The trendlines are closing in, signaling lower volatility and pressure building up. Now, DOGE price is nearing the tip of the triangle, which usually means a breakout is coming, though it’s still unclear whether that move will be up or down until volume confirms the direction.
What you'll learn 👉
Dogecoin Support Level Faces Immediate Test
The $0.168 mark plays a key role in the current market structure. It aligns with the triangle’s ascending trendline and the 0.382 Fibonacci retracement zone. As of now, DOGE price remains just above this level, trading around $0.1754. A sustained daily close below it would break the pattern’s lower boundary and suggest a bearish breakdown.
Such a move could push the asset toward $0.117, as projected by measuring the triangle’s height from its base. This coincides with the 30% drop noted by Ali in the tweet. The analyst warned that this price zone acts as DOGE last line of defense, and a breach could accelerate selling momentum.
Dogecoin Resistance Zones Continue to Hold
DOGE price has repeatedly struggled to break above the $0.21–$0.23 region. This range includes the 0.5 and 0.618 Fibonacci levels, both considered strong resistance zones. These levels have rejected several previous rally attempts, keeping the price within the tightening pattern.
For bullish momentum to return, the asset would need to clear this resistance with a strong breakout. Volume confirmation would also be required to validate any upward move beyond the triangle’s upper trendline.
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Furthermore, short-term analysis shows bearish pressure building, driven by lower highs and the approach toward key support. While the mid-term trend remains neutral inside the triangle, the next few daily closes may shift that balance. Long-term bias stays corrective unless DOGE reclaims levels above $0.27.
The coming sessions may decide whether Dogecoin price extends its consolidation or begins a new downward leg. Traders are watching for confirmation of either a breakout or a breakdown.
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