Dogecoin\u2019s price action <\/span>has been quiet for months<\/span><\/a>, but technical analysis shows that this quiet period may be exactly why the meme coin is worth watching again.\u00a0<\/span>According to a crypto pundit known as CoinForge on X, <\/span>Dogecoin is repeating <\/span><\/a>the same playbook it followed in 2024, when a long descending triangle eventually gave way to a violent breakout rally. The attached chart compares both structures side by side, showing the 2024 pattern before its explosive rally and the current 2026 formation now at a similar technical point.<\/span><\/p>\n Dogecoin has spent much of 2026 looking like a forgotten asset in a market where traders have been more <\/span>focused on Bitcoin\u2019s breakdowns<\/span><\/a>, Ethereum\u2019s weakness, and other popular cryptocurrencies,<\/span> including XRP<\/span><\/a>. However, technical analysis of the daily candlestick timeframe chart shows a structural parallel between the rally in late 2024 and the present moment.<\/span><\/p>\n 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\u2019s price eventually peaked at a multi-year high of $0.48 in December 2024.<\/span><\/p>\n 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.\u00a0<\/span><\/p>\n However, the important point in the analysis is not that Dogecoin\u2019s price action has already broken out of the triangle pattern, but that it <\/span>appears to be tightening into <\/span><\/a>the same kind of breakout zone before the 2024 surge.<\/span><\/p>\n<\/p>\n Dogecoin Price Chart. Source: @Realcoinforge On X<\/span><\/a><\/p>\n Now that it\u2019s 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. <\/span>\u201cDon\u2019t miss your second chance,\u201d the analyst said.<\/span><\/p>\n At the time of writing, Dogecoin is trading at $0.09377, down by 5% in the past 24 hours. The leading meme coin <\/span>can\u2019t seem to catch a break<\/span><\/a> from sellers, as it is also down by a larger 16.6% over the past 30 days.\u00a0 <\/span>A breakout above the descending resistance line would be the first real sign that buyers are starting to regain control. That line now sits around $0.12, making it the immediate level Dogecoin needs to clear before the $0.12 to $0.15 range.\u00a0<\/span><\/p>\n Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Dogecoin\u2019s price action has been quiet for months, but technical analysis shows that this quiet period may be exactly why the meme coin is worth watching again.\u00a0According to a crypto pundit known as CoinForge on X, Dogecoin is repeating the same playbook it followed in 2024, when a long descending triangle eventually gave way to […]<\/p>\n","protected":false},"author":2,"featured_media":429373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-429369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=429369"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429369\/revisions"}],"predecessor-version":[{"id":429374,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429369\/revisions\/429374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/429373"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=429369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=429369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=429369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Dogecoin Repeating Descending Triangle From 2024<\/h2>\n
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