Beware! Dogecoin has the potential to experience a price drop of up to 30%

Jakarta, Pintu News – An analyst recently revealed that Dogecoin (DOGE) must maintain certain price levels to avoid a significant price drop. Otherwise, the cryptocurrency could experience a drastic 30% drop.

Dogecoin Technical Analysis: Within a Symmetrical Triangle

In a post on X, Ali Martinez showed a chart showing the current position of Dogecoin (DOGE) from a technical analysis perspective. The chart shows that Dogecoin (DOGE) may have been trading within a triangle-shaped channel for the past few months. This channel is not just any triangle, but a type called a Symmetrical Triangle.

The Symmetrical Triangle forms when the asset consolidates between two converging trend lines with almost equal and opposite slopes. The upper line of this pattern follows the lower high, while the lower line follows the higher low. As time passes, the range of movement of the asset becomes narrower and narrower until it peaks at the apex. Typically, volatile price movements are more likely as consolidation tightens, so breakouts from this pattern become increasingly likely as the price approaches the tip of the triangle.

Also Read: Bitcoin (BTC) Hits a New Low, What’s the Impact on the Market? (6/18/25)

Breakout Potential and Implications

A breakout from the Symmetrical Triangle could signal a trend continuation in the direction of the breakout. This means that a rise above the pattern could be a bullish signal, while a fall below it could be a bearish signal. As shown in the chart, the daily price of Dogecoin (DOGE) has recently approached the end of the triangle, signaling that a breakout may be imminent. Currently, Dogecoin (DOGE) is testing the bottom line, so it will be interesting to see if this level can hold or if this is the point where the breakout finally occurs.

Although Dogecoin (DOGE) is currently testing lower levels, a rebound and then breakout from the upper line is still very possible. However, if a bearish breakout occurs, this could be very detrimental for Dogecoin (DOGE), as there are other important levels nearby.

Current Dogecoin Price Movement

At the time of writing, Dogecoin (DOGE) is trading around $0.177, down more than 4% in the last week. These fluctuations show the uncertainty that exists in the market and the importance of monitoring emerging price patterns to anticipate the next move.

The price movements of Dogecoin (DOGE) and other cryptocurrencies are often unpredictable and influenced by various factors, both internal and external. Therefore, investors and traders should always be aware of technical and fundamental signals to make informed investment decisions.

Conclusion

Understanding the patterns and dynamics of crypto markets like Dogecoin (DOGE) is key to succeeding in trading and investing. By closely monitoring Symmetrical Triangle patterns and potential breakouts, market participants can be better prepared for possible volatility and make informed decisions based on in-depth analysis.

Also Read: Global Tensions Heat Up, Crypto Takes a Hit: What Really Happened? (6/18/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin Must Hold This Level or Risk 30% Price Crash. Accessed on June 18, 2025
• Featured Image: Coin Central