According to that structure, Dogecoin is now sitting right at the level where previous price explosions have been triggered.
A Pattern That Has Played Out Twice BeforeThe structure at the center of Trader Tardigrade’s analysis is a descending triangle that appears to form on Dogecoin’s monthly chart at the end of every 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 late 2024, and is now at the point of retesting the apex of the triangle.
Interestingly, similar retests of the apex of the triangle, which is its tightest, most compressed point, have always indicated the precise moment before an explosive move to the upside.
Back in 2017, Dogecoin compressed into the tip of such a formation and then surged in what became its first significant bull run. The pattern repeated in 2020, when the DOGE price once again coiled into the triangle’s apex before exploding into the historic 2021 rally that took the meme coin to a peak of $0.73.
Although the pattern itself is clear, the broader market environment will likely play a key role in determining how this setup unfolds. This is because Dogecoin’s previous rallies coincided with strong bullish phases across the crypto market.
The crypto market is more complex right now, and the fundamental landscape around Dogecoin in 2026 is materially different from what existed in prior cycles.
Featured image from Unsplash, chart from TradingView
