Dogecoin is at risk of falling 30% if a crucial level is not achieved, analysts warn.

Dogecoin is at risk of a 30% fall if the critical level is not reached, analysts warn. Table of Contents Trading / Trading Analysis Dogecoin is at risk of a 30% fall if the important level is not reached, analysts warn. DOGECOIN

By Cryptos Newss Created 4 hours ago, last updated 2 hours ago • 2 minutes read As Dogecoin struggles to maintain its bullish position, a cryptocurrency analyst is sounding the alarm. Ali Martinez, a respected voice in the trading community, warns that Dogecoin (DOGE) could face a sharp fall of 30% if it cannot hold above the crucial support level of $0.168. In a recent technical analysis post on X (formerly known as Twitter), Martinez emphasized the symmetrical triangle pattern forming on the daily chart of Dogecoin—a classic pattern that often occurs before significant price movements. "Dogecoin $DOGE must hold above the level of 0.168 dollars to avoid a 30% fall!" he warned. Dogecoin is approaching the top of the symmetrical triangle. A symmetrical triangle forms when an asset consolidates between two converging trend lines: one line tracking lower highs and the other forming higher lows. As the price contracts within this triangular channel, the trading range narrows, increasing the likelihood of a breakout volatility. Dogecoin has been locked in such a pattern for several months, and according to Martinez's chart, the memecoin is approaching the apex of the triangle, a point that often signals a decisive breakout in either direction. Unlike ascending or descending triangle patterns, where breakouts tend to go up or down, the symmetrical triangle pattern has a neutral direction, meaning DOGE can either increase or decrease significantly depending on where the breakout occurs. $0.168: Decision Level Currently, Dogecoin is testing the lower boundary of the triangle pattern. If this level is broken, the fall could accelerate due to being near the important Fibonacci retracement level, specifically the 0.786 level near $0.168. Fibonacci levels are widely used in technical analysis to identify potential support and resistance areas. The 0.786 line often acts as a strong psychological and technical buffer. According to Martinez, a clear break below $0.168 will invalidate the triangle and could set the stage for a 30% fall. Current DOGE price action At the time of the press report, Dogecoin was trading at around $0.177, falling over 4% in the past week. The market remains unstable and traders are closely watching to see if DOGE can recover after support or succumb to the downward trend. If Dogecoin regains its upward momentum and breaks through the upper boundary of the triangle, the price increase may continue. However, all attention remains focused on the level of 0.168 dollars in the near future. What will DOGE do next? Currently, those holding DOGE should prepare for increased volatility. As the Symmetrical Triangle pattern approaches resolution, a breakout in either direction seems imminent. The rise or fall of the memecoin may largely depend on broader market sentiment and the price volatility of Bitcoin. There is no clear trend, and the next few days of trading will be a turning point for the short-term outlook of Dogecoin. Martinez's warning serves as a reminder that technical structures—especially symmetrical triangles—often precede strong moves, and traders should act accordingly.