Dogecoin (DOGE) is currently facing a pivotal price moment as it teeters on the edge of a significant support level. Recent analysis by Ali Martinez reveals that DOGE is approaching the lower bound of a symmetrical triangle formed since February, a pattern crucial for understanding its future trajectory. The current price sits at $0.175 near the triangle’s lower trend line, facing challenges from the 78.6% Fibonacci retracement level at $0.181. A break below this vital support level could trigger a substantial decline of up to 30%, potentially pushing prices down to $0.12 or even $0.093. What makes $0.168 so critical? This price mark represents a significant psychological and technical support level for DOGE. Crossing below it leaves the cryptocurrency with limited historical support, entering what could be a ‘gap area’ with low buyer interest. This lack of support from sellers could drive prices further down. Meanwhile, holding above $0.168 maintains hope for a potential recovery.