Dogecoin price compresses into symmetrical triangle — will bulls finally reclaim trend control?

Dogecoin price hovered near a key level as fresh regulatory and institutional updates shape a tightening market structure ahead of a decisive breakout.

Dogecoin was trading at $0.1507 at press time, up 0.5% in the past 24 hours. The weekly range now sits between $0.1326 and $0.1544, leaving the token down 2.6% over the last seven days and 11% across the past month.

Daily trading activity has cooled, with volumes slipping to $1.48 billion, an 8.7% drop from the previous day. Derivatives data paints the same picture.

Total Dogecoin (DOGE) futures volume slid 8.73% to $3.35 billion, and open interest dipped 0.80% to $1.48 billion. This mix normally shows a market that is taking a breather rather than entering a panic phase.

Key catalysts that could shape Dogecoin price

The recent approval wave for DOGE-related exchange-traded funds has turned the asset into a potential mainstream product. The 2x leveraged Dogecoin ETF (TXXD) from 21Shares began trading in late November, followed by Grayscale’s Dogecoin ETF (GDOG) debut on the NYSE.

Bitwise is waiting for early 2026 approval, and 21Shares filed a fresh amendment on Dec. 2 revealing the fee structure for its upcoming spot Dogecoin ETF.

Momentum picked up briefly on Dec. 1 after Vanguard opened access to crypto ETFs to more than 50 million clients, making this one of the largest traditional-finance onramps for Dogecoin. Early ETF flows show slow but steady accumulation, similar to DOGE’s August setup.

Adoption headlines outside finance also played a role. Buenos Aires approved DOGE tax payments on Nov. 29, making it the first major city to do so.

On the technical side, DogeOS introduced zero-knowledge proof support, and a GitHub proposal suggested cutting block rewards from 10,000 to 1,000 DOGE. If implemented, this would lower annual inflation to about 0.33% and give the asset a more disciplined supply profile.

Dogecoin price technical analysis

Dogecoin’s chart shows a classic symmetrical triangle, built from lower highs and higher lows that now converge into a narrow apex. The market has become less volatile, which is normal as a triangle matures. Both sides are in a standoff while waiting for a catalyst, as shown by volume continuing to drop in a steady line.

The relative strength index has been in the low 40s to mid-50s, indicating that there isn’t much of a market tilt either way. If it climbs above 50, that would point to buyers gaining more influence. A decline toward 40 would suggest that there is more pressure to sell.

Bearish momentum appears to be diminishing, indicated by the MACD leveling out and beginning to shift slightly into positive territory. Higher lows indicate buyers are defending the trendline, while lower highs show sellers still guarding resistance.

DOGE now sits in a decisive zone. If price breaks above the descending trendline with stronger volume and RSI above 50, the market could aim for the $0.18–$0.20 zone. A breakdown below the rising trendline would expose $0.135 and raise the risk of revisiting $0.12.