In 2024, Dogecoin formed a descending triangle, a pattern defined by a series of lower highs pressing down against a support floor. This descending triangle pattern played out between March 2024 and mid-September 2024, before eventually resolving closer to the end of the month. Dogecoin broke out of that descending triangle pattern in a move that led to a 300% rally, where the meme coin’s price eventually peaked at a multi-year high of $0.48 in December 2024.
As shown in the chart below, the 2026 side of the chart has been following a similar compression phase, albeit at a longer timescale. Dogecoin has been moving under a descending resistance line since August 2024, and repeated attempts to push higher have been rejected.
Now that it’s been determined that Dogecoin is about to form that same breakout phase, the analysis also shows projected upside movement if the 2026 pattern plays out like 2024. The dotted path on the current Dogecoin chart points to a breakout, a retest-like pause, and then a much larger rally that sees the Dogecoin price returning back to $0.5. “Don’t miss your second chance,” the analyst said.
