Crypto analyst Trader Tardigrade is flagging a chart pattern on Dogecoin’s long-term monthly chart that could set up the meme token’s next major move.
What he’s watching
- The monthly candlestick chart for DOGE, which stretches back to 2014, shows a recurring descending-triangle structure that has behaved “mechanically” at the end of previous cycles. According to Trader Tardigrade (X: @TATrader_Alan), Dogecoin is now sitting at the same critical level— the triangle’s apex—where past explosive rallies have been triggered.
- Dogecoin is trading below $0.10 in the last week of April, far from its recent cycle high of $0.48. After a breakout above the triangle in 2024, DOGE entered a correction from late 2024 and is now retesting that compressed apex region.
Why the apex matters
- The apex is the triangle’s tightest point, where price compression historically precedes sharp directional moves. Trader Tardigrade points out two prior examples: in 2017 Dogecoin coiled into a similar tip before its first major bull run, and in 2020 the same compression preceded the massive 2021 rally that sent DOGE to about $0.73.
- Now, in 2026, the monthly chart shows a third convergence — another compression at the triangle tip — which, if history repeats, could foreshadow another sizable upside move.
The projection and caveats
- Trader Tardigrade’s scenario calls for a bounce off the triangle’s apex that could push Dogecoin into new territory, with a full-play projection reaching as high as $2.40.
- Important caveats: past performance isn’t a guarantee. The broader crypto market will heavily influence the outcome — previous Dogecoin rallies occurred alongside strong market-wide bullish phases. Bitcoin, for example, needs to consolidate and build bullish momentum (it has been attempting to stabilize above $78,000) for large capital flows to favor an altcoin surge.
- The macro and fundamental landscape around Dogecoin in 2026 differs from prior cycles, so traders should weigh technical structure against market context and risk factors.
Chart and sources
- The setup was highlighted on TradingView and shared by Trader Tardigrade on X. Featured image via Unsplash; chart via TradingView.
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