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Triangle Breakout Sets Stage for Bullish Rally With a triangle pattern determining Dogecoin’s fate, will the bulls overpower the incoming selling pressure for a quick rally to $0.50? A surge in Bitcoin’s buying activity has resulted in a new all-time high, but meme coins are struggling to initiate a rally. Dogecoin is currently stuck at the crucial level of $0.40, maintaining a sideways trend, and has fallen under a market cap of $60 billion. Over the past month, the price has seen a positive growth of 12.76%. Amid the compression of price trends, Dogecoin is nearing a critical crossroads, hinting at a potential breakout rally. Dogecoin Triangle Holds The Bullish Fate The price action of Dogecoin showcases a symmetrical triangle formation on the 4-hour chart. This pattern signals indecision but also suggests that a decisive move is imminent. Dogecoin’s price is testing the lower support trendline near the 23.60% Fibonacci level at $0.395. With a rejection at the lower price levels, Dogecoin is maintaining dominance above the psychological $0.40 mark. Thus, it remains at a potential bounce-back point within the triangle pattern. Within the triangle, Dogecoin’s price is showing a sideways shift in momentum, trading between key levels. It struggles to break above the 38.20% Fibonacci level at $0.4098. This consolidation phase reflects coiling momentum, signaling that a high-momentum rally could follow a breakout. The 4-hour RSI shows a minor bullish divergence with the current lower price rejection. This bullish signal increases the likelihood of a breakout rally. However, the resistance at the 38.20% Fibonacci level and the struggle to maintain a close above it remain important thresholds to watch.$DOGS

Who let the dogs out? ;) Go arc, let the BEAST go where it belongs. See u later

🇯🇵 Japan says NO to a Strategic #Bitcoin Reserve, citing ⚡ volatility, ❓ lack of info, and ⚖️ legal worries. #CryptoNews #BitBounty $BTC $DOGS $NOT

A playful reference to the iconic song "Who Let the Dogs Out?" by Baha Men! In this case, "Who Let the DOGE Out?" is a nod to the popular cryptocurrency Dogecoin (DOGE), which has gained a significant following and become a cultural phenomenon. The phrase might also imply that DOGE has been unleashed, breaking free from its previous constraints and ready to take on the cryptocurrency market! Shiba Inu, the mascot of Dogecoin, would likely approve of this playful twist on the classic song!

Tesla Chief and Dogecoin proponent Elon Musk gives a shout-out to the leading meme coin on Christmas Day. From regular mentions to payment support for merchandise, the world’s richest man and Tesla CEO Elon Musk has long established himself as a champion of the popular doggy-themed meme crypto Dogecoin (DOGE). As such, it is no surprise that the billionaire did not miss the chance to shout out the popular crypto on Christmas day. Amid the Christmas festivities, Tesla CEO Elon Musk took time out to offer a Dogecoin mention with a play on the lyrics of Baha Men’s 2000 hit song “Who Let the Dogs Out.” “Who let the DOGE out?” Musk wrote, captioning a photo of his dogs Gatsby, Marvin, and Floki in Christmas-inspired costumes in an X post on Wednesday, December 25. But Musk’s DOGE shout-out did not end there as keen-eyed observers were quick to point out that the cape on Floki, a dog that has also inspired a successful meme coin of its own, was decorated with Dogecoin logos. Many DOGE proponents and avid Musk followers are hopeful that the billionaire’s latest show of support will have bullish implications for the meme coin’s price. One observer pointed out that the last time the billionaire posted those words in reference to the meme coin, it went parabolic shortly after. The post in question came up February 7, 2021. Besides an immediate price surge on the day, DOGE kicked off a parabolic rally to all-time highs of $0.73 roughly two months after in a run many have attributed to Musk’s unrelenting support and influence. There is no clear indication that such a rally is imminent as DOGE trades 5% lower on Thursday, December 26, at $0.3162. Over the past month, however, analysts have continued to predict higher prices for the asset, arguing that it is replicating its price action from the 2017 and 2021 bull cycles. While most DOGE proponents are okay with Elon Musk’s support, the billionaire’s antics have previously attracted a class action lawsuit bringing market manipulation claims. The lawsuit was dismissed with prejudice in August 2024.$DOGE