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Dogecoin (DOGE) finds itself at a critical juncture. Recent chart analysis shared by Ali Martinez indicates that the meme coin is currently testing the lower boundary of a symmetrical triangle pattern, a formation that has been developing since early February.

The key level to watch is $0.168. Should DOGE break below this point, a potential decline of up to 30% could ensue, with price targets extending as low as $0.12 or even $0.093, based on Fibonacci extension levels.

After peaking around $0.44 earlier in the year, Dogecoin has experienced a gradual decline, trading within a relatively narrow range. Current prices show DOGE trading at approximately $0.175, hovering just above the triangle's lower trend line and the crucial 78.6% Fibonacci retracement level at $0.181.

The significance of the $0.168 level lies in its role as the last line of defense before the price potentially enters what technical traders often refer to as a "void zone" – a price area characterized by limited historical support.

Dogecoin $DOGE must hold above $0.168 to avoid a 30% price drop! pic.twitter.com/PDhqo7fpcK— Ali (@ali_charts) June 15, 2025

If bearish pressure pushes DOGE below this floor, the downward momentum could accelerate rapidly, as significant buy orders are scarce until the $0.13 to $0.12 region. Further analysis suggests potential downside targets of $0.093 and even $0.078.

Conversely, if DOGE can maintain its position and rebound, the resistance levels at $0.205 and $0.237 become key points of interest. However, a sustained bullish trend is unlikely to materialize unless DOGE successfully breaches the triangle's upper boundary, which has consistently hindered its upward progress.

Dogecoin has struggled to regain its footing, even amidst attempts at recovery across the broader cryptocurrency market. With suppressed volatility and diminishing trading volume, the next price movement could be both sudden and decisive. Read original article on U.Today