DOGE Approaches Breakout Point as Pennant Tightens and Volume Holds Steady

Dogecoin nears the pennant apex as price compression tightens around the $0.14 zone.

DeFi and derivatives data show rising activity with stronger volume and active liquidations.

TVL trends reveal growing engagement since 2024 despite recent declines toward $13 million.

Dogecoin has moved toward the tip of a maturing pennant pattern on the 4-hour chart, and the structure now trades near its breakout point. The market continues to compress between converging trendlines while holding the recent upward leg that began on November 22. The pattern remains active as the price stabilizes near $0.14.

Pennant Structure Tightens as DOGE Approaches Apex

Dogecoin trades inside a clear pennant pattern as candles move between the upper and lower trendlines. The swings continue to shrink as both lines converge, and the current range sits between $0.1480 and $0.1520. Each pullback returns to the lower trendline, and every small rise meets resistance at the top boundary.

The chart shows a clean pole before the consolidation phase, and this forms the base for the current pattern. According to an observation by Trader Tardigrade, the candles now sit near the breakout zone as the pattern moves into its last stage of compression

Volume remains moderate, and the structure keeps a sequence of higher lows from November 23 into early December. The upper boundary draws from the swing high on November 26, and the market moves toward the final point where the two trendlines meet

DeFi and Derivatives Data Tracks Changing Market Activity

DeFiLlama data shows Dogecoin posting a Total Value Locked of $13.71 million, with a 5.16% drop in the last 24 hours. Chain fees and chain revenue remain at $0, and DEX volume also records $0 in the same period. Dogecoin trades at $0.14, and its market cap matches the fully diluted value at $20.862 billion.

Source: DeFiLlama

TVL readings from mid-2022 to late-2025 show long periods of low activity before rising sharply in 2024. The metric reached several peaks near $25 million during mid-2025, and the line now moves near $13 million

Derivatives data from Coinglass shows volume at $4.10 billion after a 62.50% rise. Open interest stands at $1.34 billion, while the long and short ratio sits at 0.9327. Liquidation records show active trading, with $10.13 million cleared in the last 24 hours. The market continues to show rising participation as Dogecoin positions itself near the tip of the pennant.

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