Dogecoin slid 8% over the past three days after touching a major level on the monthly chart — a zone it has visited just twice in the last decade. Both previous encounters, in 2017 and 2020, ended with sharp rejections and deep corrections. Now in 2026, the cryptocurrency appears to be rejecting the same overhead structure a third time.
The pullback started shortly after Dogecoin tested the area, reinforcing the pattern seen in earlier cycles. Investors are watching closely to see if history repeats or if this time plays out differently.
What the inverted chart reveals
Trader Tardigrade, the analyst who flagged the setup, uses an inverted price scale on the monthly chart. On that scale, what looks like a resistance line is actually a bullish support line. A rejection on the inverted chart signals a rally in normal price terms — the opposite of what most traders would expect.
Dogecoin currently trades at $0.0937, sitting inside a support range between $0.09 and $0.10. The inverted chart structure allows for potential double-digit price targets before the next major trendline comes into play, according to the analysis.
Price levels to watch
A move above $0.10 and into the $0.15 to $0.18 range would be the first real sign of improving sentiment. That would flip the immediate downtrend and give bulls a reason to add positions. A stronger bullish signal would be a break above $0.25, confirming the bounce from the support structure.
For now, Dogecoin remains in the $0.09-$0.10 zone, a region that has held as support in previous cycles. The next few days will show whether the third rejection follows the same script as 2017 and 2020 — or if the inverted chart's bullish interpretation gains credibility.
Traders are watching for a daily close above $0.10 as the first clue that momentum is shifting.
