Crypto analyst Trader Tardigrade says a repeating monthly chart pattern could be the key to Dogecoin’s next big move.
On the Dogecoin monthly candlestick chart — which stretches back to 2014 — Tardigrade highlights a descending triangle that appears to form at the end of each major market cycle. That structure, he argues, has behaved almost mechanically: price compresses into the triangle’s apex, then erupts.
Where Dogecoin stands now
- Dogecoin is trading below $0.10 in late April 2026, well under its recent cycle peak of $0.48 and largely out of the spotlight for many traders.
- In 2024 DOGE briefly broke above the triangle, then fell into a correction from late 2024 that has now brought price back to retest the triangle’s apex — the tightest, most compressed point of the formation.
Why that matters
Tardigrade points out two prior instances of the same pattern:
- In 2017, DOGE compressed into the tip of the formation before launching its first major bull run.
- In 2020 the coin again coiled into the apex and then exploded into the 2021 rally that peaked around $0.73.
Now, in 2026, the analyst sees a third convergence where price is once more testing the triangle’s tip. His projection is bullish: if Dogecoin bounces cleanly from the apex, the rally could carry DOGE into completely new price territory — he models a run as high as $2.40 if the move plays out in full.
Caveats and market context
Tardigrade’s pattern is clear, but he and other analysts caution that macro market conditions will influence how the setup unfolds. Previous DOGE surges coincided with broad crypto bull markets; Bitcoin’s trend is particularly important. At the moment Bitcoin has been trying to stabilize above $78,000, and recent upticks in capital flows have been noted — factors that could help or hinder a potential Dogecoin rally. The fundamental backdrop for DOGE in 2026 is also materially different from prior cycles, so history may not repeat exactly.
Chart credit: @TATrader_Alan on X. Featured image: Unsplash; chart: TradingView.
(Neither the analyst nor this article constitutes investment advice.)
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