Dogecoin (DOGE) Price: The Same Chart Pattern That Called Two Rallies Is Back — Analyst Sets $2.4 Target

TLDR

• Analyst Trader Tardigrade has identified a repeating descending triangle pattern on DOGE’s monthly chart, last seen before the 2017 and 2021 rallies
• DOGE is currently trading around $0.097, down roughly 1% in 24 hours
• DOGE’s hashrate hit an all-time high of ~2.9 PH/s on April 27, 2026
• On-chain transaction volume sits near $800 million, with a 24-hour trading volume of $2.08 billion
• RSI sits at 58.03 — showing mild bullish momentum but no confirmed reversal yet

Dogecoin is sitting at around $0.097, with a market cap of $15.24 billion and 24-hour trading volume of $2.08 billion. The coin is down about 1% over the past day.

Despite the quiet price action, a chart pattern is drawing attention from technical analysts.

Crypto analyst Trader Tardigrade posted analysis identifying a descending triangle on Dogecoin’s monthly chart. The pattern has appeared at the end of every major market cycle since 2014. According to the analyst, DOGE is now sitting at the apex of that triangle for the third time in its history — the same position it held before its 2017 and 2021 rallies. Trader Tardigrade’s target, if the pattern repeats, is $2.4.

In 2017, price coiled into the triangle’s tip before DOGE’s first major bull run. In 2020, it compressed again at the same point, then broke into the 2021 rally that peaked at $0.73. Both instances saw the apex act as a precise launch zone before an upward move.

Dogecoin broke above the triangle in 2024. A correction since then has pulled it back down to retest that level now.

Hashrate Hits All-Time High

On April 27, 2026, on-chain analytics from Alphractal confirmed that DOGE’s hashrate reached an all-time high of approximately 2.9 PH/s. Part of this increase is linked to Qubic switching its mining focus from Monero to Dogecoin.

On-chain transaction volume is running close to $800 million. Social media activity around DOGE is also tracking in line with its price action, rather than lagging behind it.

Technical Indicators Show Early Momentum

The RSI currently reads 58.03, above its signal line of 55.09. That points to moderate positive momentum, though not overbought levels. DOGE is trading above its short-term moving averages of $0.09545 and $0.09429, but remains below longer-term averages at $0.09913 and $0.12796.

The MACD line sits at 0.00131 against a signal line of 0.00087, with a positive histogram of 0.00044. Momentum is building slowly.

Analysts note that without stronger volume and sustained buy pressure, DOGE may remain range-bound. No confirmed reversal signal has formed yet.

DOGE’s next move depends on whether it can push past current resistance levels.

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