Dogecoin has reached a key technical level after completing a breakdown of a symmetrical triangle on the daily chart, while separate long-term data points to a sharply different scenario ahead. Analysis shared on X by Trader Tardigrade shows DOGE hitting its measured downside target near $0.12, as on-chain activity slows and longer-term charts point to a potential trend reset. The move places Dogecoin at a technical crossroads, where short-term stabilization now meets broader structural projections.
The daily chart shows Dogecoin forming a symmetrical triangle after trading near the mid-$0.15 region. A descending upper trendline and a rising lower trendline compressed the price toward a narrowing apex. As the price approached the apex, bearish momentum increased. A confirmed breakdown occurred near the converging trendlines, which the chart marks clearly as a breakdown point.
The triangle’s height appears on the left side of the chart and defines the measured move. Following the breakdown, Dogecoin dropped sharply, reaching the projected target near $0.12.
Price stabilized after touching that level, confirming the pattern’s technical validity. The move completed the full downside projection tied to the triangle structure.
After reaching the target, Dogecoin entered a consolidation phase. Price movement became uneven, suggesting indecision and a transition period rather than a continuation trend. Projected paths on the chart outline two potential outcomes. One path shows a rebound toward the $0.15 region, while another points to renewed downside risk extending into early 2026.
Alongside the chart, Trader Tardigrade said Dogecoin reached the prior symmetrical triangle breakdown target and is now forming a new chart pattern while searching for a fresh trend. On-chain data supports a shift in behavior. According to Glassnode, speculative supply continues to contract as longer-term holders signal early accumulation.
The 1-year-to-2-year holder cohort increased its share of the Dogecoin supply from about 21.84% to 22.34%. These holders often accumulate when perceived downside risk begins to fade. Coin movement also slowed sharply. The spent coins age band metric dropped from roughly 251.97 million DOGE to about 94.34 million DOGE, a decline of more than 60%.
Reduced activity suggests fewer holders are rushing to move or liquidate tokens. Similar declines previously preceded short-term relief rallies in Dogecoin.
Earlier in December, a comparable slowdown preceded a rally from about $0.132 to $0.151, representing a near-15 % move over three days.
A separate weekly chart shared on X by Hailey LUNC presents a long-term perspective. The chart tracks DOGE/USD and shows a multi-year symmetrical triangle forming after the 2020–2021 surge. During that rally, Dogecoin climbed from near $0.002 to almost $0.57, marking a gain above 34,900%. After the peak, the price entered a prolonged consolidation phase.
Descending resistance from the 2021 highs and rising long-term support now converge into a tightening triangle that extends toward late 2025. The current price sits near $0.1249, just above the rising lower trendline and at the triangle apex.
A dotted line indicates the resistance level of the previous cycle at $0.57. The vertical move from the triangle base has been used to determine the upside target, which is close to $57 according to the chart.
This prediction suggests that the potential gain would be more than 34,500% if a breakout occurs and the vertical blue range reaches 2026. The analyst next to the chart characterized the situation as highly positive for the season, meaning a possible move from $0.12 to $57 if past scenarios repeat.
However, the market has a question because short-term stabilization has met long-term projections: which timeframe will take control next?
Also Read: A Smarter Way to Analyze Dogecoin: Scenarios, Signals, and Market Regimes
Dogecoin has completed a breakdown of a symmetrical triangle and reached its measured support near $0.12, while on-chain data signals reduced selling pressure. At the same time, a long-term weekly structure outlines a potential multi-year breakout scenario. Traders now watch whether consolidation develops into a new trend.