Dogecoin (DOGE) is hovering near $0.122, with price volatility narrowing as it forms a classic triangle pattern and nears a breakout. Repeated tests of the $0.123 level have signaled a tug-of-war between buyers and sellers. ETF inflows into DOGE-linked products continue, led by Grayscale’s GDOG fund, with January inflows totaling about $246,000 and cumulative assets surpassing $6.4 million. Such contraction in volatility and rising institutional interest suggest that a breakout from the range could unfold quickly and forcefully.
Ali Martinez’s chart shows a symmetrical triangle on the 1-hour timeframe, with the downtrend line capping the top and rising support defending the bottom. Momentum appears roughly balanced at present, but the probability of a directional breakout grows over time. A bullish breakout could push the short-term target toward $0.130, and if the upmove sustains, the long-term target near $1 could reemerge. Analysts emphasize that clearing the triangle top is necessary for the bulls to seize control.
If the price fails to hold above the rising support, momentum could tilt toward the bears. A drop below $0.123 could deplete downside liquidity quickly, potentially sending DOGE toward the $0.10–$0.095 area. As of Jan 28, DOGE trades around $0.124.
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