Recently, the price trend of Dogecoin (#DOGE ) has attracted considerable attention. Analyst Jonathan Carter pointed out in the latest technical analysis that DOGE is testing the lower boundary of the long-term triangle pattern, and this position may determine its next major price direction. This article will dissect the logic of Dogecoin's trend, key support and resistance, as well as potential rebound target levels.
Key support of the long-term triangle pattern
Carter pointed out that currently DOGE is hovering around the key support area near $0.135. This position is located on the lower boundary of the long-term descending triangle pattern, and the price has remained above the support line within a short-term timeframe of three days. It can be said that this has become a key battleground for buyers and sellers.
In this area, buyers have the opportunity to enter with a better risk-reward ratio, attempting to halt further price declines and maintain the overall possibility of recovery. As long as the price can stay above $0.135, there is hope for the upward trend to continue.
What does a descending triangle mean?
The triangle pattern shows that a series of lower highs is pressing against the support level. This compressing pattern typically suggests that after a rebound at the bottom, a decisive breakout is imminent. In other words, the market is slowly approaching a critical turning point: DOGE may soon choose a direction, either rebounding or continuing to decline.
However, Carter points out that the trading volume near the support area has not significantly increased, indicating that market trading is relatively calm. Investors may be waiting for confirmation signals, and once the signals appear, a significant upward trend may be initiated.
Where is the rebound target?
If Dogecoin successfully rebounds from the support level of $0.135, Carter's chart shows several target levels worth noting:
Initial rebound targets: $0.155 and $0.190, these price ranges are areas of frequent fluctuations in the past, which short-term investors can focus on.
Medium-term upward targets: $0.250 and $0.310, corresponding to previous consolidation areas, and if broken, it indicates enhanced upward momentum.
Long-term sprint target: $0.370, and it may even reach the resistance area near $0.470, which could also be a key area for profit-taking in the market.
It can be seen that DOGE has considerable rebound potential, but each step up may encounter varying degrees of selling pressure.
Selling opportunities and resistance areas
Carter specifically reminds that the area around $0.47 may be where sellers are active. Historical price data indicates that once the price reaches this point, selling pressure may significantly increase. For investors, this position is more suitable for profit-taking rather than a new buying opportunity. In simple terms, do not act impulsively; wait for the right opportunity.
Market status and investment advice
According to CoinMarketCap, DOGE has fallen more than 22% this year to date, with a generally weak trend. However, Carter remains optimistic about Dogecoin's recovery prospects. Whether key support is held will directly affect DOGE's next direction.
Currently, the strategy recommendations are as follows:
Observe the support level: pay close attention to the price performance near $0.135; maintaining support will be the premise for the rebound.
Confirm signals before acting: wait for the price to stabilize at the support level or show signs of a breakout before considering entry.
Target levels and profit points: short-term focus on $0.155-$0.190, medium-term focus on $0.250-$0.310, long-term can aim for $0.370-$0.470, but these positions may come with selling pressure.
Conclusion
Overall, Dogecoin is at a critical technical level, and the market is slowly approaching a turning point. While investors focus on support and resistance, they should also maintain patience and caution. As long as support holds, DOGE still has the opportunity to experience a significant rebound in the coming months. The year 2026 may be the starting point for Dogecoin to emerge from its low period.#加密市场反弹
