Dogecoin has been stuck in a quiet slump, but one crypto watcher sees the same chart shape that lit a fire under the meme coin two years ago. On Wednesday, X analyst CoinForge posted a daily candlestick comparison arguing Dogecoin is repeating a descending triangle pattern — the same setup that, in 2024, triggered a 300% rally to a multi-year high of $0.48. The coin is currently trading at $0.09377, down 5% in the last 24 hours and 16.6% over the past 30 days.
Familiar chart shape
The pattern CoinForge highlighted shows a descending resistance line that has held since August 2024, with Dogecoin repeatedly rejected at lower highs. The support base, meanwhile, has stayed fairly flat. That tightening range — a classic descending triangle — is the same geometry the coin formed from March to mid-September 2024 right before it broke out. The 2026 version looks nearly identical on the daily chart, according to the comparison CoinForge shared.
The breakout math
If history repeats, CoinForge projects a breakout to $0.5. That would require Dogecoin to first clear a resistance zone between $0.12 and $0.15 — a hurdle the coin hasn't approached since early May. The analyst noted that the pattern is tightening into what looks like a breakout zone, similar to the weeks before the 2024 surge.
Doge's current slump
The timing isn't great. Dogecoin has been sliding for weeks, and at $0.09377 it's closer to the bottom of its recent range than the top. The 30-day loss of 16.6% reflects broad market malaise and fading interest in meme tokens. But the triangle pattern suggests a compressed spring — if buyers step in near the support line, the squeeze could snap upward.
Who's making the call
CoinForge is a crypto commentator on X with a history of chart-based calls. The analysis relies entirely on the daily candlestick comparison posted publicly. No other analysts were cited, and the projection hinges on Dogecoin following the same technical script it did in 2024. For now, the coin needs to clear $0.12 to $0.15 — a level it hasn't touched in weeks — before any larger move. If it doesn't, the pattern breaks down.
