Dogecoin Tests Descending Triangle Support With Eyes on $0.40

Dogecoin stays above the lower triangle range on the 3-day chart, showing buyers still defend key price levels

The pattern shows risk-reward favors upside if support holds and price respects the long-term trendline

A bounce from current levels may open a path toward $0.25 $0.31, and higher resistance zones

Dogecoin is holding above a major support zone on the 3-day chart as price trades within a long-running descending triangle formation that has defined market structure since late 2024.

The chart shared by analyst Jonathan Carter shows Dogecoin remaining above the lower boundary of the pattern while price compresses beneath a declining resistance trendline. This structure reflects prolonged consolidation rather than breakdown.

At the time of the chart update, Dogecoin trades near the lower support band, which has acted as a reaction zone during multiple prior tests. Volume activity remains steady while price respects the triangle boundaries.

Descending Triangle Defines the Broader Market Structure

The descending triangle visible on the 3-day timeframe has guided Dogecoin price action for several months. The pattern forms through lower highs while buyers defend a relatively flat support range.

This structure often signals pressure building between sellers at resistance and buyers at support. Each reaction within the triangle has reduced volatility and narrowed price movement.

Dogecoin previously rallied sharply before entering this consolidation phase. Since then, price swings have remained contained between the falling trendline and the horizontal support area shown on the chart.

The resistance zone near the upper boundary of the triangle aligns with prior rejection levels. Price failed in this area several times, which confirms its technical relevance within the current structure.

Support Zone Remains the Key Level for Buyers

The support zone highlighted on the chart marks the most important area for near-term price direction. Dogecoin has bounced from this region multiple times during the triangle formation.

Each successful defense strengthens the validity of the level. Buyers appear willing to step in near this zone, which has prevented a deeper breakdown so far.

The chart shows a recent reaction marked by a green circle where the price stabilized after a decline. This reaction suggests demand remains active at the lower boundary of the formation.

If this support fails, the structure would change. However, current price behavior shows the level remains intact, which keeps the broader setup valid.

Upside Levels Mapped as Risk Reward Favors Buyers

The technical setup presents a defined risk-reward profile. With price holding near support, downside risk remains limited to the lower boundary, while upside potential extends toward several resistance targets.

According to the chart, a successful bounce could open upside movement toward $0.15, $0.19, $0.25, $0.31, $0.37, and $0.40. These levels align with historical reactions and volume profile zones.

The resistance area near the top of the triangle also acts as a decision point. A move toward that level would test seller control once again.

With price still respecting structure, the chart favors patience rather than prediction. What matters most now is whether buyers continue to defend the lower range or allow a structural shift to occur.

Can Dogecoin maintain support long enough to force a test of the upper triangle boundary again?