DOGE/USDT - Potential Ascending Triangle Breakout Setup

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DOGE/USDT - Potential Ascending Triangle Breakout SetupDogecoin / TetherUSBINANCE:DOGEUSDTThe_PythiaDogecoin has been consolidating in a 9-month ascending triangle pattern and is approaching a critical breakout level. The Setup: 📊 Pattern Formation: Clean ascending triangle forming since early 2025 Rising support shown by the blue ascending trendline - multiple higher lows Horizontal resistance at approximately $0.28-$0.30 tested several times Bottom support around $0.22 has held firm Current price: $0.26, coiling near the apex of the triangle 🎯 Potential Target: $0.38-$0.40 zone (blue shaded area) Measured move: Triangle height ($0.18) added to breakout point ($0.30) Interestingly, this aligns with the previous resistance from earlier in 2025 around $0.40 What to Watch For Validation: ✅ Decisive Close Above $0.30 Need a strong daily candle close above $0.30 to confirm breakout Not just a wick - a solid body close ✅ Volume Surge Breakout must occur with significantly elevated volume Compare to recent average volume - need at least 2-3x normal ✅ Retest Success After breaking $0.30, watch for pullback to hold this level as new support Failed retest = failed breakout ✅ Follow-Through Price should push toward $0.35+ relatively quickly after confirmed breakout Key Levels: 🔸 Resistance: $0.28-$0.30 (breakout level) 🔸 Support: $0.22 (triangle bottom) - break below invalidates pattern 🔸 Previous high: $0.40 (from chart history) - major resistance if we get there Pattern Context: Ascending triangles are bullish continuation patterns with approximately 70% success rate when volume confirms. However, we're near the apex, which means a move is likely coming soon - either up or down. Invalidation: Break below $0.22 support Multiple rejections at $0.30 with declining volume Extended consolidation without resolution Triangle patterns must resolve. Watch for that decisive move above $0.30 with volume. Not financial advice - DYOR.