Dogecoin price promotion it has been quiet for monthsbut technical analysis shows that this quiet period could be exactly why the meme coin is worth another look. According to a crypto expert known as CoinForge on X, Dogecoin repeats itself the same playbook it followed in 2024, when a long descending triangle finally gave way to a violent breakout rally. The accompanying chart compares both structures side by side and shows the 2024 pattern before the explosive rally and the current 2026 formation which is now at a similar technical point.
Dogecoin repeating descending triangle from 2024
Dogecoin spent much of 2026 looking like a forgotten asset in a market where there were more traders focused on Bitcoin’s failuresthe weakness of Ethereum and other popular cryptocurrencies, including XRP. However, the technical analysis of the daily candlestick time chart shows a structural parallel between the rally at the end of 2024 and the current moment.
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In 2024, Dogecoin formed a descending triangle, a pattern defined by a series of lower highs pressing against a support floor. This descending triangle pattern played out between March 2024 and mid-September 2024, before finally disappearing towards the end of the month. Dogecoin broke out of that descending triangle pattern in a move that led to a 300% rally, with the meme coin’s price eventually peaking at a multi-year high of $0.48 in December 2024.
As shown in the chart below, the 2026 side of the chart has followed a similar compression phase, albeit on a longer time scale. Dogecoin has been moving below a falling resistance line since August 2024 and repeated attempts to move higher have been rejected.
However, the important point in the analysis is not that Dogecoin’s price action has already broken out of the triangle pattern, but that seems to be tightening the same kind of outbreak zone before the 2024 wave.
Dogecoin price chart. Source: @Realcoinforge on X
Dogecoin is about to do something insane
Now that Dogecoin has been determined to be on the verge of forming that same breakout phase, the analysis also shows a projected upward move if the 2026 pattern plays out as 2024. The dotted path on the current Dogecoin chart points to a breakout, a retest-like pause, and then a much larger rally with the Dogecoin price returning to $0.5. “Don’t miss your second chance,” the analyst said.
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At the time of writing, Dogecoin is trading at $0.09377, down 5% in the last 24 hours. The leading meme coin can’t seem to catch a break from sellers as it has also fallen by as much as 16.6% over the past 30 days. A break above the falling resistance line would be the first real sign that buyers are starting to regain control. That line is now around $0.12, making it the immediate level Dogecoin needs to clear before the $0.12 to $0.15 range.
Featured image created with Dall.E, chart from Tradingview.com