<ul><li>Dogecoin (DOGE) is currently consolidating within a descending triangle pattern, indicating a period of market indecision and potential bearish pressure.</li><li>The presence of the 200-period moving average as dynamic resistance and horizontal support under strain suggest a possible collapse if key levels are not defended by buyers.</li><li>Market analyst Thomas Anderson highlighted the significance of the upper resistance around $0.19998, with Dogecoin nearing a critical inflection point and a potential breakout imminent.</li><li>The compression within the descending triangle pattern is building tension for Dogecoin, with a breakout above resistance opening up bullish possibilities, while a failure may reinforce bearish sentiment.</li></ul>

Dogecoin Caught In Compression: Descending Triangle Warns Of Potential Collapse

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