Dogecoin Tests Symmetrical Triangle Support Amid Compressed Volume and Fed Anticipation

The chart records early stability in 2023, and later cycles formed stronger inflows during 2024. Liquidity cooled after the peak but still holds above earlier periods. Key metrics show no chain fees or chain revenue during the displayed timeframe, and there is no recorded DEX volume in the last twenty-four hours.

Dogecoin trades near $0.14 with a market cap of $21.03 billion. Analysts following the chart expect the market to keep reacting inside the triangle as the structure prepares for a possible bottoming pattern, and near-term moves depend on the next reaction at support. In the broader context, symmetrical triangle patterns in cryptocurrencies like Dogecoin often resolve with increased volatility, particularly when influenced by macroeconomic events such as Federal Reserve announcements. Historical data from similar setups in 2024 showed breakouts leading to 20-30% price swings, depending on volume confirmation. Trader Tardigrade‘s observations align with this, noting the pattern’s potential to signal a bullish reversal if support holds firm. Meanwhile, the compressed volume—currently at multi-week lows—indicates accumulation rather than distribution, a positive sign for long-term holders. As the Federal Reserve‘s decision looms, with markets pricing in a 25-basis-point rate cut, Dogecoin’s correlation to broader risk assets could amplify reactions. Chair Jerome Powell‘s commentary on inflation and employment will likely sway sentiment, as seen in past meetings where dovish tones boosted crypto valuations by up to 15%. On the liquidity front, DeFiLlama’s metrics reveal Dogecoin‘s TVL growth outpacing many altcoins, driven by staking protocols and NFT marketplaces that gained traction in early 2025. This ecosystem development supports the narrative of maturation beyond meme status, with institutional interest from platforms integrating DOGE payments contributing to sustained TVL levels. Despite the recent dip, year-over-year TVL is up 150%, per aggregated on-chain reports, highlighting resilience amid regulatory uncertainties. Traders are advised to monitor the triangle’s apex, expected within the next 7-10 days, for breakout cues. If price closes above $0.156 on elevated volume, targets could extend to $0.18; conversely, a breach below $0.131 might test $0.12. Overall, the combination of technical consolidation and fundamental liquidity growth positions Dogecoin for measured upside as 2025 progresses.