- Dogecoin is forming a symmetrical triangle on the 4-hour chart, hinting at a possible breakout soon — momentum is quietly building, but it hasn’t popped yet.
- A falling wedge breakout on the 1-hour chart plus an RSI bounce from oversold suggests a bullish reversal may be starting, though volume remains low for now.
- DOGE needs to break above $0.16 with strong volume to confirm the rally — until then, the move is promising, but still in “wait and see” territory.
Something’s brewing with Dogecoin… and no, it’s not just another Elon tweet (yet). According to crypto analyst Trader Tardigrade, DOGE is showing signs that an early-stage recovery could be in motion. Two key patterns on the charts — one on the 1-hour, the other on the 4-hour — are starting to tell an interesting story.
A Symmetrical Triangle Is Quietly Building Pressure
Let’s start with the 4-hour chart, where a symmetrical triangle has been forming since around April 8. Dogecoin’s price action has been slowly squeezing toward the triangle’s apex. And yeah — it looks kinda boring on the surface. But that’s the thing with symmetrical triangles — they love to fake you out before they explode.
The price recently bounced off the triangle’s lower trendline, and Tardigrade believes the longer DOGE stays inside this pattern, the stronger the eventual move could be. If it breaks out upward? We could be looking at the start of a more serious rally.
Falling Wedge Breakout + RSI Bounce = Bullish Hints on Lower Timeframes
Now, zoom into the 1-hour chart — things get more interesting.
Tardigrade pointed out that DOGE broke out of a falling wedge here — a classic bullish reversal pattern — right as the RSI (Relative Strength Index) bounced up from oversold territory. That’s a one-two combo of technical signals that suggests a shift in momentum might be coming.
DOGE has been in a downtrend for about six weeks, so this kind of movement could mark the beginning of a trend change. Keyword: could. Volume is still kinda weak, which means traders aren’t rushing in just yet. But the structure is forming. And that matters.
What Needs to Happen Next?
Even with these setups pointing bullish, confirmation is key. DOGE needs to break the top of the symmetrical triangle on the 4-hour with a strong candlestick close and real volume backing it up. Without volume? Meh. It could just be noise.
Right now, volume’s down 4.7%, sitting at around $745 million, while price has only nudged up by 1.3%, trading at $0.1557.
So, yeah — it’s still early.
Final Thoughts: Early Signals, But Still Waiting for the Spark
There’s no denying the setups are promising. You’ve got a falling wedge breakout, a bullish RSI bounce, and a tightening symmetrical triangle. But until we see volume and follow-through, this isn’t a guaranteed moonshot.
Still, if Dogecoin’s gonna make a move — these might just be the first breadcrumbs on the trail.
