Cryptocurrency analyst Trader Tardigrade points to a setup that can define Another crucial move by Dogecoin. The monthly Dogecoin candlestick chart, which dates back to 2014, shows a pattern that is forming with extraordinary consistency, almost mechanical in nature.

According to this structure, Dogecoin is currently at the exact level where previous price explosions were triggered.

A pattern that had played out twice before

Dogecoin is still trading below $0.10 through the last week of April, remaining well below the cycle high of $0.48 and largely ignored by many cryptocurrency investors. But for Trader Tardigrade, this lack of action maybe that’s the point.

The structure at the center of Trader Tardigrade’s analysis is the descending triangle that appears to form on the monthly Dogecoin chart at the end of each 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 slow 2024 and is currently at the point of retesting the apex of the triangle.

Interestingly, similar retests of the triangle’s apex, which is its tightest and most compressed point, always pinpointed the exact moment before the edged upward move.

In 2017, Dogecoin topped such a pattern and then surged, becoming its first significant bull run. The pattern repeated itself in 2020 as DOGE’s price once again topped the triangle before exploding in a historic rally in 2021 that took the meme coin to a high of $0.73.

Now, in 2026, Trader Tardigrade is pointing to a third convergence. The monthly chart shows that price action is once again squeezing and retesting the apex of the triangle.

Dogecoin price chart. Source: @TATrader_Alan on X

Dogecoin price projection

According to Trader Tardigrade, when Dogecoin returns to the top of the triangle, it does not ask for permission. The the forecast is a rebound from the apex of the triangle that pushes the Dogecoin price into fresh price territories. It is worth noting that the analyst forecast predicts Dogecoin goes as high as $2.4 if the bounce is fully realized.

While the pattern itself is clear, the broader market environment is likely to play a key role in determining the development of this setup. This is because Dogecoin’s previous gains have coincided with forceful bullish phases in the cryptocurrency market.

The cryptocurrency market is now more convoluted, and the fundamental landscape around Dogecoin in 2026 is significantly different from what existed in previous cycles.

Bitcoin, for example needs to stabilize first full upward momentum. The leading cryptocurrency is trying to stabilize above $78,000 capital flows into the industry have acquired in recent days.

Featured image from Unsplash, chart from TradingView