Dogecoin’s monthly chart shows a brutal pattern of repeated rejections and cascading declines that looks bleak at first glance.
Cryptocurrency analyst Trader Tardigrade spread a a decade-long structure in which Dogecoin’s price was hit at a critical resistance level three times, causing a massive decline each time. The 2026 rejection is already in effect, and the analyst sees a third repetition of the same devastating sequence. However, the chart does a phrase that changes everything.
Dogecoin crashes into an inverted monthly chart
The Tardigrade Trader chart shows DOGE/USD on a monthly time frame, but the price scale is reversed. This means that the lower the chart moves, the higher the price of Dogecoin at the normal market price. A red descending line has been marked as critical resistance is therefore not a bear ceiling in the usual sense. This is the resistance line on the inverted chart, and rejecting it causes the price to drop.
As you can see from the chart, Dogecoin was unable to break through and was pushed back below the level. However, given this reversal, it actually means that Dogecoin is bouncing off the support trendline. A decrease on the inverted scale would translate into an boost in the real price of DOGE.
The analyst pointed to three main moments when Dogecoin touched this inverted resistance and failed to break it. The first occurred around the 2017 cycle, the second around 2021, and the third is presented as the current setup for 2026. In each previous case, the rejection was followed by a gigantic downward move on the inverted chart, meaning a gigantic rally up normal Dogecoin chart.
Dogecoin price chart. Source: @TATrader_Alan on X
What’s next for Dogecoin?
“This decline is coming,” the analyst said. However, the drop in question is not a normal collapse in the price of Dogecoin. It’s a drop on an inverted graph. Under normal circumstances, this means that the price of Dogecoin will boost. The chart projection even points to a double-digit price level if the historical declines on the inverted chart are repeated.
This target is extreme compared to Dogecoin’s current price of around $0.108. Moving to $1 would require an boost in DOGE of over 825% from its current level, while moving to $10 would require an boost of over 9,000%. However, the projection on the chart shows that the price of Dogecoin will reach as high as $23. That’s why the chart should be like this read as a long-term configuration.
Speaking of price action, Dogecoin is actually showing up signs of rebound from support. In the last 24 hours, the price of DOGE reached as high as $0.11, and is currently up about 10% in seven days. Interestingly, Dogecoin futures open interest explodes and is currently at its highest level this year.
Featured image from Pexels, chart from TradingView
