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Dogecoin Back At The Triangle Tip: Historical Trends Point To What Comes Next
TL;DR
Dogecoin is at a critical point in its monthly candlestick chart, suggesting a potential major price move. Historical patterns indicate that previous price explosions have occurred from this level.
Key points
- Dogecoin is at a critical level in its monthly chart
- Historical patterns show price explosions from this level
- The descending triangle forms at the end of major market cycles
Mentioned in this story
Trader Tardigrade
Dogecoin
Crypto analyst Trader Tardigrade is pointing to a setup that could define Dogecoin’s next major move. The Dogecoin monthly candlestick chart, which stretches back to 2014, shows a pattern that has played out with remarkable consistency, almost mechanical in nature.
According to that structure, Dogecoin is now sitting right at the level where previous price explosions have been triggered.
A Pattern That Has Played Out Twice Before
Dogecoin is still trading below $0.10 into the last week of April, languishing well below its cycle peak of $0.48 and largely ignored by many crypto investors. But for Trader Tardigrade, that lack of action may be precisely the point.
The structure at the center of Trader Tardigrade’s analysis is a descending triangle that appears to form on Dogecoin’s monthly chart at the end of every major market cycle. Looking at the monthly chart below, Dogecoin initially broke above this triangle formation in 2024. However, the meme coin has been on a price correction path since late 2024, and is now at the point of retesting the apex of the triangle.
Interestingly, similar retests of the apex of the triangle, which is its tightest, most compressed point, have always indicated the precise moment before an explosive move to the upside.
Back in 2017, Dogecoin compressed into the tip of such a formation and then surged in what became its first significant bull run. The pattern repeated in 2020, when the DOGE price once again coiled into the triangle’s apex before exploding into the historic 2021 rally that took the meme coin to a peak of $0.73.
DOGEUSD now trading at $0.098. Chart: TradingView
Now, in 2026, Trader Tardigrade is pointing to a third convergence. The monthly chart shows price action once again compressing and retesting the triangle’s tip.
Q&A
What does the descending triangle pattern indicate for Dogecoin?
The descending triangle pattern suggests that Dogecoin may be at a pivotal moment, potentially leading to a significant price movement based on historical trends.
How has Dogecoin's price performed historically at the triangle tip?
Historically, Dogecoin has experienced price explosions after reaching the triangle tip, indicating a possible bullish trend ahead.
What is Trader Tardigrade's analysis of Dogecoin's current price action?
Trader Tardigrade believes that Dogecoin's current price stagnation below $0.10 may set the stage for a significant breakout, as it retests the apex of the descending triangle.
