Pundit Says Dogecoin Is About To Do Something | Crypto News
Dogecoin’s price motion has been quiet for months, but technical analysis reveals that this quiet period could also be precisely why the meme coin is value watching again. According to a crypto pundit recognized as CoinForge on X, Dogecoin is repeating the same playbook it adopted in 2024, when a long descending triangle ultimately gave approach to a violent breakout rally. The hooked up chart compares both constructions aspect by aspect, exhibiting the 2024 sample before its explosive rally and the current 2026 formation now at a related technical level.
Dogecoin Repeating Descending Triangle From 2024
Dogecoin has spent a lot of 2026 wanting like a forgotten asset in a market where merchants have been more targeted on Bitcoin’s breakdowns, Ethereum’s weak point, and other fashionable cryptocurrencies, including XRP. However, technical analysis of the daily candlestick timeframe chart reveals a structural parallel between the rally in late 2024 and the current second.
In 2024, Dogecoin shaped a descending triangle, a sample outlined by a sequence of decrease highs urgent down against a assist flooring. This descending triangle sample performed out between March 2024 and mid-September 2024, before ultimately resolving nearer to the end of the month. Dogecoin broke out of that descending triangle sample in a transfer that led to a 300% rally, where the meme coin’s price ultimately peaked at a multi-year high of $0.48 in December 2024.
As shown in the chart below, the 2026 aspect of the chart has been following a related compression part, albeit at a longer timescale. Dogecoin has been shifting under a descending resistance line since August 2024, and repeated makes an attempt to push larger have been rejected.
However, the important level in the analysis shouldn’t be that Dogecoin’s price motion has already damaged out of the triangle sample, but that it seems to be tightening into the same variety of breakout zone before the 2024 surge.
Dogecoin Price Chart. Source: @Realcoinforge On X
Dogecoin Is About To Do Something Insane
Now that it’s been decided that Dogecoin is about to kind that same breakout part, the analysis also reveals projected upside motion if the 2026 sample performs out like 2024. The dotted path on the current Dogecoin chart factors to a breakout, a retest-like pause, and then a a lot bigger rally that sees the Dogecoin price returning back to $0.5. “Don’t miss your second chance,” the analyst said.
At the time of writing, Dogecoin is trading at $0.09377, down by 5% in the past 24 hours. The main meme coin can’t appear to catch a break from sellers, as it’s also down by a bigger 16.6% over the past 30 days. A breakout above the descending resistance line could be the first real signal that consumers are beginning to regain control. That line now sits around $0.12, making it the fast degree Dogecoin wants to clear before the $0.12 to $0.15 vary.
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