DOGE Eyes 60% Rally as Symmetrical Triangle Pattern Signals Breakout Potential

Dogecoin (DOGE) is showing signs of a potential major price movement as it forms a symmetrical triangle pattern, a technical formation often preceding volatile breakouts. Currently trading at $0.17 with a modest 1% daily gain, Doge has seen weekly declines of 3% amid shrinking trading volumes. Market analysts highlight the significance of this consolidation pattern developing since early 2024, with converging trendlines suggesting an imminent price resolution. The 34% drop in daily volume to $678 million indicates weakening momentum that typically precedes significant price movements, with technical projections pointing toward a possible 60% surge if bullish momentum returns.

Dogecoin Poised for Potential 60% Surge Amid Symmetrical Triangle Formation

Dogecoin inched up 1% to $0.17 amid thinning trading volumes, with weekly performance down 3%. Market participants appear cautious as daily volume plunged 34% to $678 million—a sign of weakening momentum that often precedes volatile price swings.

Technical analysis reveals a textbook symmetrical triangle pattern forming since early 2024, with converging trendlines of lower highs and higher lows. crypto analyst Ali notes the pattern typically resolves with significant volatility, projecting a decisive breakout upon daily close outside the $0.16-$0.22 range.

The meme cryptocurrency's narrowing trading range suggests an imminent directional move, with bulls anticipating a potential 60% upside if resistance at $0.22 breaks. Such breakouts from consolidation patterns often attract renewed trading interest and liquidity.

Commerce Secretary Lutnick Criticizes Fed's Rate Decision as DOGEai Calls It 'Economic Malpractice'

U.S. Secretary of Commerce Howard Lutnick openly criticized Federal Reserve Chair Jerome Powell's decision to maintain interest rates at 4.25%-4.5%, accusing him of being "obviously afraid of his own shadow." Lutnick argued that the U.S. unnecessarily endures the highest rates among first-class countries, a stance he deemed irrational. He further mocked Powell's misunderstanding of Trump-era tariffs, noting that current tariffs on personal computers "don’t exist"—a point Powell allegedly overlooked.

DOGEai, a vocal crypto-focused entity, lambasted the Fed's stance as "economic malpractice." The agency dismissed Powell's tariff-related inflation claims as fiction, emphasizing that personal computers face no tariffs. DOGEai contends that the Fed's refusal to cut rates—despite negligible inflation and a manufacturing boom fueled by reshoring—amounts to sabotage. Each basis point maintained at elevated levels, they argue, drains roughly $1 trillion annually from taxpayers to service debt.

Dogecoin Slides 5% Amid Market-Wide Liquidation Event, ETF Hopes Persist

Dogecoin tumbled alongside broader crypto markets, shedding 5% in early Saturday trading as $458 million in Leveraged positions unwound. The meme coin now trades at $0.1639, extending its decline from June's $0.206 peak with only two positive sessions in ten days.

Despite the downturn, social media buzz around DOGE remains intense. Market analysts note persistent discussions comparing its unlimited supply model to Bitcoin's scarcity, while miners debate profitability at current levels. Elon Musk's ambiguous crypto plans for platform X continue fueling speculation, though no formal Dogecoin integration has been announced.

ETF prospects may offer a lifeline. Bloomberg Intelligence suggests spot crypto ETF approvals could arrive by December, potentially including DOGE products. This comes as X CEO Linda Yaccarino teases expanded financial services for the platform, leaving room for crypto functionality.