Dogecoin Price Dips Today as Symmetrical Triangle Setup Nears Breakout

Jakarta, Pintu News – The Dogecoin (DOGE) price is currently holding above the $0.16 support level, showing signs of stabilization after experiencing recent volatility. Currently, DOGE is forming a symmetrical triangle pattern that is being closely watched by analysts, as this pattern is generally followed by a major move(breakout) in either direction.

The meme-based token is still struggling to recover after falling below the $0.20 level earlier this week.

Meanwhile, the overall crypto market recorded a gain of 1.44% in the past 24 hours, partially erasing the weekly loss of 7.98%. This recovery was driven by increased institutional activity and hopes for clearer stablecoin regulation.

Dogecoin Price Drops 1.47% in 24 Hours

On November 7, 2025, Dogecoin experienced a slight correction of 1.47% over the past 24 hours, with its price trading at $0.1642 — equivalent to approximately IDR 2.739. Throughout the day, DOGE moved within a price range of IDR 2.790 to IDR 2.637.

At the time of writing, Dogecoin holds a market capitalization of around IDR 416.97 trillion, with a 24-hour trading volume reaching approximately IDR 30.68 trillion.

Read also: Whale Crypto Releases 1 Billion DOGE: Dogecoin Continues to Struggle Below $0.17 Resistance

Dogecoin Price Nearing Breakout from Symmetrical Triangle Pattern

According to Coingape (6/11), the Dogecoin price is currently forming a distinctive technical structure on the daily chart, indicating a potential change in momentum direction. Analysts have identified a large symmetrical triangle pattern that is now approaching its apex – the point at which price pressure typically increases and volatility can spike.

Currently, the Dogecoin price is at the bottom of the pattern. This zone is generally considered a promising area for a potential strong rebound, especially if buying pressure starts to increase.

According to market observers, symmetrical triangle patterns are often the precursor to major price movements. If there is a decisive move(breakout) above the highest trend line, it could trigger a rapid rise that takes Dogecoin to $0.35 or even higher. Such a breakout could also signal the start of a new impulse wave in the overall trend.

DOGE Price Shows Rebound Potential as Buy Signal Appears

Dogecoin price is starting to show early signs of recovery after the recent appearance of buy signals from technical indicators. Crypto analyst Ali revealed that the TD Sequential indicator is giving a bullish signal for DOGE, signaling a possible local bottom has been reached.

The trend chart published on TradingView shows a reversal pattern that could be indicative of a potential short-term uptrend on this major meme coin.

Nevertheless, the overall market sentiment is still not entirely optimistic. In another update, Ali also revealed that over a billion Dogecoins have been sold by whales in the past week.

Read also: Ethereum Price Drops to $3,300 Today: Whale Accumulate ETH on the Way Down

This heavy selling by large investors put additional pressure on DOGE prices, despite speculation of a recovery from small-scale retail traders.

Will DOGE Price Recover Above $0.25?

The latest Dogecoin price is hovering around $0.162, indicating mild bearish pressure in the short term.

DOGE is currently in a consolidation phase after earlier dropping and failing to break the resistance zone at $0.18. The 4-hour chart shows that the pressure from sellers is still slightly more dominant. Despite the recovery attempts, the buying momentum is still weak and the price has not been able to break out to higher levels.

If the Dogecoin price drops below $0.15, the next support level is expected to be around $0.14. Conversely, if DOGE manages to reclaim the $0.20 level as support, this could pave the way towards the $0.35 target, as the medium-term trend suggests a potential bullish move.

The Moving Average Convergence Divergence (MACD) indicator shows a weak bullish crossover, but the histogram bars are still low, reflecting weak upward strength. Meanwhile, the Average Directional Index (ADX) stands at around 51 – this indicates a strong trend, although the direction of the trend (up or down) is still not entirely clear.

In other words, the chance for DOGE to break back above $0.25 is still open, but is highly dependent on whether the $0.20 level can be recaptured and supported by stronger buying volume.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Forecast: Is $0.3 Next After Symmetrical Triangle Breakout?. Accessed on November 7, 2025