Crypto analyst Trader Tardigrade points to a setup that could define this Dogecoin’s next big step. Dogecoin’s monthly candlestick chart, dating back to 2014, shows a pattern that has played out with remarkable consistency, almost mechanical in nature.
According to that structure, Dogecoin is now exactly at the level that caused previous price explosions.
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A pattern that has been played twice before
Dogecoin does still trading below $0.10 in the last week of April, languishing well below the cycle peak of $0.48 and largely ignored by many crypto investors. But for trader Tardigrade, that lack of action may be exactly the point.
The structure at the heart 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 poised to retest the apex of the triangle.
Interestingly, similar retests of the apex of the triangle, the tightest, most compressed point, have always indicated the precise moment before an explosive move upward.
In 2017, Dogecoin compressed into the tip of such a formation and then rose in what became its first significant bull run. The pattern repeated itself in 2020, as DOGE price once again reached the top of the triangle before exploding in the historic 2021 rally that took the meme coin to a peak of $0.73.
Now, in 2026, Trader Tardigrade is points to a third convergence. The monthly chart shows price action, with the tip of the triangle being recompressed and retested.
Dogecoin’s price chart. Source: @TATrader_Alan On X
Dogecoin Price Projection
According to Trader Tardigrade, when Dogecoin returns to the tip of the triangle, it does not ask permission. The prediction is a leap from the top of the triangle pushing the Dogecoin price into new price areas. In particular, the analyst’s projection sees Dogecoin go as high as $2.4 if the bounce fully occurs.
While 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 in the crypto market.
The crypto market is currently more complex and the fundamental landscape surrounding Dogecoin in 2026 is materially different than what existed in previous cycles.
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Bitcoin for example, must stabilize first completely bullish momentum. The leading cryptocurrency has attempted to stabilize above $78,000 capital flows to industry have increased in recent days.
Featured image from Unsplash, chart from TradingView