<strong><em>In response to ongoing uncertainty in the crypto market, the DOGE technical analysis reveals a symmetrical triangle pattern. Can the potential rally hit $0.1?</em></strong>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The DOGE price is nearing the triangle pattern apex</li>
 	<li>DOGE prices may surge 10.5% higher before hitting descending trendline</li>
 	<li>The 24-hour trading volume of Dogecoin is $369 Million, indicating a rise of 2.3%.</li>
</ul>
<h3>Past Performance of DOGE</h3>
Following a dramatic fall in early May, the <a href="https://www.cryptoknowmics.com/news/babydoge-becomes-most-used-smart-contract-among-bsc-whales/" target="_blank" rel="noopener">DOGE</a> sellers started responding to a descending trendline leading to its ongoing downfall. This trendline providing constant resistance to the coin price has limited the bullish growth to a specific limit. However, on the flip side, an upcoming support trendline has controlled the downside approach, offering a recovery opportunity to coin holders.

<img class="aligncenter size-full wp-image-243147" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/07/A4193812-45B0-44E7-A70C-B7AD296D8063.png" alt="" width="2047" height="966" />

Source - <a href="https://www.tradingview.com/x/8Mgeo2Fv/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2 class="p1">DOGE Technical Analysis</h2>
The DOGE price chart wobbling between the converging trendline showcased the formation of a symmetrical triangle pattern. The altcoin bounced back from the $0.057 mark and has surged 6% in the past three days, triggering a new bull cycle with the pattern.

The coin price started recovering even though a bearish crossover of MACD indicator slopes suggests the buyers are wrestling for trend control. Moreover, the fast and slow line near to perform a bullish crossover may encourage the current rally.

The RSI indicator projects uncertainty among market participants as its slopes wobble around the neutral line. However, a slight curve in this indicator line reflects growing bullish momentum.

Hence the technical indicators share a neutral bias as the coin gradually narrows with a triangle pattern. In a nutshell, DOGE technical analysis showcases an upcoming directional rally as the altcoin breach the triangle pattern trendline.
<h2>Upcoming Trend</h2>
The DOGE price action following a symmetrical triangle pattern could breach either of the trendlines.

A bullish breakout from this pattern could drive altcoin 46% higher to the $0.93 mark.

Conversely, a possible breakdown from the support trendline would sink the price by 22% to $0.05

Resistance Levels: $0.075 and $0.093

Support Levels: $0.057 and $0.05

DOGE Technical Analysis: DOGE Awaits Triangle Breakout

In response to ongoing uncertainty in the crypto market, the DOGE technical analysis reveals a symmetrical triangle pattern.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

DOGE Technical Analysis: DOGE Awaits Triangle Breakout

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