🐶🚀【DOGE Breaks Symmetrical Triangle! $0.31 Target in Sight, Did You Catch These Signals?】
Dogecoin (DOGE) has finally 'held back a big move' and exploded! Current price is $0.2498, a 2.6% increase in 24 hours, successfully breaking through the symmetrical triangle pattern that had been consolidating for weeks. The Fibonacci extension points directly to $0.31! Market capitalization is $37.68 billion, trading volume is $3.68 billion, and futures open interest has risen 10% to $4.59 billion, with traders 'rushing in' and liquidity 'hot'. Have you kept up with this wave of 'meme king' festivities?
🔥 Technical Analysis Unlocks Key Signals
Before the breakout, it 'lingered' around $0.24 for several weeks, and now after the upward breakout, the momentum is unstoppable! The Fibonacci extension shows that the 1.414 extension point is directly at $0.31, a target that has historical validation—DOGE has typically seen 30-50% increases after breaking out, and in 2021 it even performed a 10x miracle. On the support side, $0.2268 and $0.2191 provide layers of protection; if it holds above $0.24, the bullish pattern is solid; a drop could slide towards $0.19 as the 'bottom line'.
🚀 On-chain and Derivatives Dual Drive
On-chain data shows that in August, whales accumulated 340 million coins, and retail FOMO sentiment is heating up, with active buying. The futures market open interest surged 10% to $4.59 billion, with leveraged positions 'increasing', amplifying volatility while also boosting upward momentum. More importantly, the expected interest rate cut on September 18 (85% probability of 50 basis points) combined with a weakening dollar provides a macro 'tailwind' for DOGE. #doge $DOGE