The Dogecoin price may be poised for a significant rebound, as a familiar long-term pattern has emerged on its chart. According to technical analysis, the structure looks almost identical to a setup that triggered a major breakout in its previous cycle, from 2023 to 2024. With Dogecoin currently at a crucial support level that once marked the start of its last sustained rally, a crypto analyst has projected that the meme coin could enter a new bullish phase, potentially driving it above $1.
Past Pattern Foreshadows Dogecoin Price Surge To $1
Crypto analyst Trader Tardigrade has predicted that the Dogecoin price could soon surge to $1.10 from its current $0.15 in this cycle. In a recent X post, he highlighted that Dogecoin’s weekly chart has settled on its support trendline for the third time in the current 2021-2026 cycle.
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The chart shows DOGE’s price reaching this key level after a prolonged pullback, creating a structure similar to the one that formed in late 2023. At the time, this pattern marked the beginning of a slow but consistent uptrend that lasted throughout 2024, ultimately creating the meme coin’s mid-cycle range peak.
The historical comparison between the 2023 – 2024 cycle and the current cycle is clear on the analyst’s chart. In the previous cycle, Dogecoin completed three closes at the support zone before sharply reversing upward. The latest weekly pattern mirrors the exact alignment, with price tightening around a rising trendline while forming higher lows.
Trader Tardigrade also noted that the previous cycle’s slow bull run began from the same setup. Notably, the chart highlights a large boxed region representing the projected 2024 to 2025 phase, where a widening price structure suggests that Dogecoin could still have room for an upward move. If historical patterns repeat as expected, the meme coin could initiate another powerful leg up above $1 by 2026.
Dogecoin’s Bullish Thesis Strengthens After Channel Break
Trader Tardigrade has also highlighted an important improvement on Dogecoin’s lower-timeframe chart, indicating a shift from a downtrend. The two-hour chart setup reveals a breakout from a Descending Channel that had previously controlled price movements during the meme coin’s recent decline. The breakout is visible as the white price line pushes above the Descending Channel’s upper boundary, signaling a potential shift in short-term momentum.
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According to Trader Tardigrade, technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) support this shift. While the RSI has broken above its resistance zone, the MACD histogram shows a buildup in positive momentum, with bars expanding upward.
The analyst has explained that Dogecoin often begins its largest bull rallies with early signals on the LTF before spreading to the higher time frames. With momentum rising, Trader Tardigrade believes the DOGE price may already be initiating an uptrend.
Featured image from Getty Images, chart from Tradingview.com
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