Dogecoin Retests $0.2328 Support After Symmetrical Triangle Breakout

• Dogecoin trades near $0.2338 after a 17% weekly decline, retesting critical support at $0.2328.
• A symmetrical triangle breakout has occurred, with the retest phase now testing market resilience.
• Holding above support could push price back toward $0.2497 resistance, while a breakdown risks structure loss.

Dogecoin has recently formed a symmetrical triangle pattern, with a breakout observed before a retest of the lower trendline. The token is currently priced at $0.2338, reflecting a 17.0 percent decline over the past week. Against Bitcoin, it trades at 0.052089 BTC, marking a 2.3 percent move. Support sits narrowly at $0.2328, while resistance remains at $0.2497. This structure highlights key areas that market participants are closely monitoring for further development.

Current Price Behavior and Market Range

Over the past week, Dogecoin’s decline has brought its price closer to a critical support zone. The 24-hour trading range highlights values between $0.2328 and $0.2497, establishing immediate thresholds for short-term direction.

The symmetrical triangle chart pattern shows a breakout already occurred, followed by a retest phase. This behavior often reflects consolidation before further price decisions. Notably, the current levels suggest that traders are focused on whether support sustains near $0.2328.

Technical Structure and Observed Levels

The symmetrical triangle is defined by converging trendlines, which limited Dogecoin’s price for several months. The breakout shifted sentiment toward higher price observation zones, but the retest phase has pulled values lower.

Immediate resistance has formed at $0.2497, while short-term support remains at $0.2328. These values now represent the limits within which Dogecoin may continue trading in the near term. The 17.0 percent decline further emphasizes the importance of defending the lower boundary.

Dogecoin Tests $0.2328 Support as Symmetrical Triangle Faces Pressure

With the retest phase underway, market focus has turned to whether Dogecoin stabilizes or extends its current decline. If support at $0.2328 holds, attention will likely shift back toward resistance at $0.2497.

However, should the level break, the broader symmetrical triangle setup may lose structure. The current decline has reduced short-term momentum, but the breakout pattern remains a relevant reference for many market participants. Notably, observed trading behavior highlights how tightly price is moving near decisive levels.