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SHIB & DOGE form critical triangle—breakout or fakeout? BTC's $120K deadline

SHIB & DOGE form critical triangle—breakout or fakeout? BTC's $120K deadline

Three charts, one inflection: Bitcoin is compressing between its 200-day and 100-day moving averages while Shiba Inu and Dogecoin coil into tight triangles. When volatility compresses like this, the next break often defines the next leg. Traders are eyeing clean levels, thinning volumes, and momentum that’s still subdued—conditions that can snap violently once a side wins.

What’s setting up on the charts

Bitcoin sits just above $108,000, riding the 200-day MA, with the 100-day MA ~ $112,000 capping price. The range is narrow: a break resolves direction into Q4.

SHIB hugs a key support cluster around $0.0000099–$0.0000095 inside a descending triangle. RSI near the high-30s and declining volume hint at patience and a bigger move ahead.

DOGE trades near $0.193 inside a symmetrical triangle, still below the 100/200-day MAs ($0.22–$0.23). RSI around low-40s suggests room before overbought, but confirmation is still missing.

Why this matters now

- Volatility compression → expansion: Triangles next to major MAs often precede directional runs. - Liquidity pockets are clear: Above/ below nearby MAs and prior swing levels sit stop clusters that can accelerate moves. - Momentum is neutral-to-oversold: If buyers spark, the “path of least resistance” can be up—until invalidated.

Key levels to watch

Actionable trade plans

Risk check: memecoins are speculative

SHIB and DOGE can move violently on thin liquidity and sentiment swings. Expect larger spreads, higher slippage, and more frequent fakeouts than majors. Treat them as speculative, cap position size, and avoid leverage stacking into event risk.

Bottom line

This is a textbook compression across BTC, SHIB, and DOGE. If BTC holds the 200D MA and clears $112k, upside momentum can pull the market higher, while SHIB and DOGE resolve their triangles. Lose those supports, and the slide to the next liquidity shelves is in play. Pick your triggers, predefine your exits, and let the market confirm before you commit.

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