Doge breaks triangular pattern, warnings warns of the next leg down

Tl; Dr.

• Dogecoin breaks triangular formation, the analyst warns the price could fall to $ 0.17 Fibonacci support level.
• Bitcoinsensus projects the next golf rally can send doge between $ 1.00 and $ 1.40 in the long term.
• Futures open interest steadily at $ 3.32 billion, while trade in options increased as traders prepared positions.

Expansion of triangular formation

Dogecoin (doge) has been moved under a symmetrical triangle formation after weeks of lateral action. The move was marked by market analyst Ali Martinez, who suggested that the breakdown could print the prices in the short term.

Dogecoin $ Doge Breaks from a triangle, focuses on $ 0.17! pic.twitter.com/5rk1irxzme

– Ali (@ali_charts) September 2, 2025

The graph points to resistance near $ 0.22, while immediate supports are located at $ 0.20 and $ 0.19. If the bearish movement continues, the next goal is $ 0.17, a level that matches the 1,272 Fibonacci extension. According to the analyst,

“Dogecoin $ doge breaks from a triangle, focuses on $ 0.17!”

At the time of writing, Doge was appreciated at around $ 0.22 with a 24-hour trade volume of $ 1.95 billion. Token has won 1% in the last day, although it went 3% in the week.

Opposite prospects of market analysts

While one view suggests a movement to $ 0.17, another long -term graph shared Bitcoinsensus shows a potential rally. On the weekly period of time, Doge continues to follow in a logarithmic Uptrend channel.

In particular, the graph emphasizes an increase of a +290% from $ 0.08 to $ 0.23, followed by an increase of +440% to $ 0.50. Based on this pattern, the following impulsive wave could increase prices between $ 1.00 and $ 1.40. The post noted,

“This next wave may lead to prices to $ 1.40.”

Doge consolidates almost $ 0.217 and forms higher lows that keep the long -term channel intact. Analysts regard this as the basis for a larger movement, although short -term signals remain mixed.

Whale activity and futures -markt

Observations on the chain show that whales are currently inactive. Like Martinez stated”

“Dogecoin $ doo whales stay on the sidelines. No large purchase or sales pressure detected!”

Data from Coinglass add further details. The open interest in Doge -Futures rose slightly by 1% to $ 3.32 billion, which suggests that a steady dealer participation. At the same time, the daily trade volume fell by 14% to $ 5.05 billion, which showed lighter participation.

Option activity has risen, with volume climbing from 1,057% to $ 1.86k, while the open interest rose by 132% to $ 2.76 million. These shifts suggest that traders are positioning for the next movement, while Doge almost stabilizes support.