Dogecoin Charts Point to 30% Move as Price Tests $0.24 Breakout

• Dogecoin is forming a tightening triangle that suggests a strong 30 percent breakout move ahead.
• The $0.24 level is seen as the key barrier that could decide Dogecoin’s next major price direction.
• Traders believe a confirmed breakout above $0.24 may fuel a rally toward $0.30 and even $0.32.

Dogecoin (DOGE) may be preparing for a 30% price move after consolidating into a symmetrical triangle pattern, according to crypto analyst Ali. The chart, shared on August 23, 2025, indicates that DOGE is approaching a breakout point near the $0.24 mark, currently trading at $0.23784.

Symmetrical Triangle Formation

The chart shows Dogecoin’s price movement within converging trendlines since early August. This formation suggests volatility compression, often leading to a sharp breakout. The trading range has narrowed between $0.23 and $0.32, setting the stage for a decisive move.

DOGE’s recent price action includes multiple rallies and pullbacks, with each high forming lower peaks and each low forming higher troughs. This tightening range illustrates indecision between buyers and sellers. Technical analysts view such patterns as signals of imminent volatility expansion.

At $0.23784, the token has gained 2.75% in 24 hours. The resistance at $0.24 is being closely monitored by traders. Market watchers note that breaking this level could trigger stronger momentum, potentially aligning with the 30% forecast.

Market Anticipation and Reactions

The analysis sparked wide discussion among traders on social media. One comment highlighted that “a lot more models are forming,” pointing to similar structures across altcoins. Another trader remarked that “if it can break through .24 we’re off to the moon,” showing optimism about potential gains.

Despite optimism, some community members questioned why DOGE faces repeated resistance around the $0.24 level. The triangular structure emphasizes the importance of this zone, which has acted as a barrier for weeks. Many traders are waiting for a confirmed breakout before taking larger positions.

The symmetrical triangle remains neutral until confirmed by a decisive move. Analysts agree that either direction is possible, though volume spikes and sentiment may determine the breakout’s strength. Even small fluctuations in buying pressure could influence how DOGE reacts once it tests the upper trendline.

Key Price Levels to Watch

The chart outlines $0.24 as a critical threshold. A breakout above this point could push DOGE toward $0.30 or beyond, representing the projected 30% move. If momentum accelerates, $0.32 could become the next resistance.

Conversely, if DOGE fails to sustain support near $0.23, the token could revisit lower zones. Traders have identified $0.20 as a potential fallback area if bearish pressure mounts. Market participants stress the importance of volume confirmation to validate any breakout scenario.

DOGE’s consolidation phase has captured attention because similar formations in past cycles have preceded sharp swings. The narrowing structure points toward a nearing resolution. The market is now left asking: will Dogecoin’s breakout finally deliver the explosive momentum traders expect, or will resistance at $0.24 prove too strong again?