Dogecoin Approaches Breakout  With 4.33% Uptick  as Weekly Chart Aligns with Previous Expansion Pattern

Dogecoin’s weekly chart structure is now mirroring a formation last seen before its 2023 breakout. Market data shows DOGE recently rebounded near the $0.12 zone after testing it several times between May and June. This area previously acted as a stable support level during a prolonged correction phase that followed its early 2024 rally. With resistance from a downward-sloping trendline now under pressure, DOGE is positioned near a critical breakout threshold.

Consolidation Phases Show Repeating Structure

According to an observation done by Cryptoanup, it is seen that between late 2022 and late 2023, Dogecoin traded inside a descending triangle pattern. Price action showed lower highs but consistent support near $0.055. A breakout followed in November 2023, leading to a strong upward move that peaked close to $0.23 in early 2024. After this high, the market entered a retracement phase lasting several months.#TrumpTariffs #DayTradingStrategy #Write2Earn