The recent Dogecoin (DOGE) seems to be squeezed into an increasingly narrow triangle: pressure from above and support from below, with the price oscillating back and forth within. Generally, the appearance of such a 'symmetric triangle' indicates that the market is holding back for a significant move, which will eventually break out in one direction.

The current DOGE trend is clearly tightening. High points are getting lower, low points are getting higher, and the fluctuations are much smaller than before. Furthermore, both trading volume and futures activity are declining, which does not mean that no one is paying attention, but rather that both sides are waiting for a definitive signal.

From a price perspective, DOGE is currently fluctuating slightly around $0.1507, up 0.5% in 24 hours, but overall down about 11% over the month.

The news front is quite lively. Various institutions are promoting ETFs related to Dogecoin:

21Shares launched a 2x leveraged DOGE ETF

Grayscale's spot DOGE ETF has already been launched

Bitwise is waiting for approval in early 2026

Recently, 21Shares updated its application documents, revealing details about the fees for the spot DOGE ETF.

Additionally, after Vanguard opened up crypto ETF purchases, market sentiment briefly warmed up, indicating that funds are slowly returning.

There are also several updates on-chain and in the ecosystem, such as Buenos Aires passing the 'Dog Tax', DogeOS supporting zero-knowledge proofs, and proposals wanting to reduce miner rewards from 10,000 DOGE to 1,000 DOGE. These are all viewed by the market as long-term positives.

Regarding technical indicators:

RSI is in the 40-50 range, indicating a balance between bulls and bears

MACD bearish strength is weakening

The triangle is getting narrower, and a direction choice could happen at any time.

What's the next move? It depends on two lines:

🔼 If it breaks the upper boundary of the triangle with increased volume → there’s a chance to surge to $0.18-$0.20

🔽 If it breaks below the lower boundary → it might first look at $0.135, or even retest $0.12.

In summary:

Dogecoin is currently in a 'quiet period before the explosion'. Once the direction is confirmed, it won’t just be small fluctuations.