Dogecoin (DOGE) may be on the brink of a massive 60% price move, according to crypto analyst Ali Martinez, who posted a symmetrical triangle chart on X (formerly Twitter) on June 19.
The meme-inspired coin is now trading at $0.1701, having dropped 10.41% in the past 7 days and 23.52% over the last month.
The chart, published via TradingView, shows DOGE compressing into a tightening wedge bounded by descending resistance and ascending support, with price currently hovering near the lower bound of the structure. Martinez highlights the key range to watch: $0.16 to $0.22. A daily close outside of this band, he notes, will likely determine the next major trend direction.
“Dogecoin looks prime for a 60% price move,” Martinez wrote. “All you need to do is wait for a daily close outside of the $0.16 to $0.22 range to determine the direction of the trend.”
Is it possible for DOGE price?
This technical pattern, known as a symmetrical triangle, typically signals an approaching breakout. However, it does not predict direction; traders must wait for confirmation either above resistance or below support.
Adding to the uncertainty is a notable decline in trading activity. 24-hour volume has fallen to $919.85 million, down 11.34%, reflecting cautious sentiment and reduced conviction ahead of the anticipated breakout.
Despite DOGE’s volatility and meme status, symmetrical triangles have historically produced sharp breakouts in the asset, with previous moves ranging from 40% to 70% following confirmation. A bullish close above $0.22 could target the $0.35–$0.38 zone, while a breakdown below $0.16 might open the door to a retest of $0.13 or lower.
