Dogecoin: Busted Symmetrical Triangle Holds on Hourly

Dogecoin has formed a busted symmetrical triangle on the hourly chart, with the pattern remaining intact after a breakdown of no more than 10% followed by a move beyond the opposite side, according to Trader Tardigrade.

The busted formation typically signals a stronger uptrend than non-busted equivalents, positioning the next target at level B.

Dogecoin trades at $0.08 inside a bearish structure where EMA50 and EMA200 both align at $0.08, creating a firm long-term confluence zone. The neutral RSI at 49.37 and MACD golden cross indicate momentum is shifting without overextension, while price sits inside the Bollinger bands with resistance and support converging at the same $0.08 level, pointing to volatility compression before the next directional push.