- Dogecoin broke below its H4 triangle, signaling weakening momentum.
- Losing the trendline raises the risk of a deeper retracement.
- Reclaiming the level could negate the breakdown, but volatility is imminent.
Dogecoin (DOGE) is showing fresh weakness after breaking down from a clean H4 symmetrical triangle, a pattern that typically signals a volatility spike once the price escapes its tightening range.
As it happens, the meme coin has failed its lower trendline, slipping beneath a support level that has held multiple times over the previous two weeks, according to the analysis shared by renowned cryptocurrency trading specialist Trader Tardigrade in an X post on December 11.
Key Technical Structure Finally Gives Way
The move comes after several failed attempts to break the upper boundary of the formation. Each rejection tightened the structure until pressure finally released to the downside, where DOGE now faces thin support and the potential for further acceleration if selling continues.
The symmetry of the triangle makes the breakdown more notable. Throughout December, buyers stepped in as the same rising trendline, but this time the bid evaporated, which is a signal that momentum has shifted and liquidity is being pulled lower. The red market in the analyst’s chart highlights the point of weakness at the exact candle where the structure gave way.
Currently, Dogecoin is changing hands at $0.1380, down 5.84% in the last 24 hours, losing 8.19% across the previous seven days, as well as packing a 22.39% decline over the past month, per the latest price information.
Traders now watch how DOGE reacts around the next micro-support zone. A quick reclaim of the trendline could turn this into a fake-out, but sustained trading below the boundary raises the probability of a deeper retracement, especially if Bitcoin (BTC) weakness persists across the broader market.
In the short term, volatility is almost certainly incoming. The only question remains whether Dogecoin stabilizes quickly or if this breakdown becomes the start of its next decisive leg.
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What do you think?
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