- Symmetrical triangle shows Dogecoin building pressure for a potential breakout.
- Falling wedge and RSI hint at bullish reversal forming.
- Price gains slightly, but volume remains low, delaying full confirmation.
Dogecoin — DOGE, has been eerily quiet lately, but that silence may not last much longer. The charts are starting to whisper signs of life, and those patterns don’t lie. While the market’s been distracted by other headlines, something big seems to be brewing under the surface. Anyone still snoozing on this meme coin might want to pay attention. A breakout could be closer than most think—and a run back to $0.40 isn’t off the table.
Triangle Pressure Could Spark a Major Move
On the 4-hour chart, crypto analyst Trader Tardigrade spotted a classic symmetrical triangle. That shape often signals a breakout is coming. Since April 8, Dogecoin’s price has slowly squeezed into the triangle’s apex, showing less and less movement with each swing. This kind of tight action builds tension like a volcano ready to erupt. A bounce off the lower trendline added some fuel. That move often acts as the first signal of a possible shift. The longer this triangle holds without a major breakdown, the more energy builds behind the scenes.
Traders know what usually follows—a strong push in one direction, and lately, the signs lean bullish. This kind of setup doesn’t just show up for no reason. Past patterns like this one have led to major breakouts. Some pushed prices up more than 100%. If a solid candlestick close breaks above the upper boundary, backed by strong trading volume, things could heat up fast. Volume hasn’t surged yet, and that’s worth watching. Big breakouts need crowd support. Without buyers stepping in, even the best-looking patterns can fizzle out.
Wedge Breakout Hints at a Bigger Reversal
While the 4-hour triangle builds pressure, another pattern just played out on the 1-hour chart. Trader Tardigrade also flagged a falling wedge that recently broke to the upside. These wedges show up near the end of downtrends and usually signal a reversal. Even more convincing, a breakout lined up with a strong bounce from the RSI’s oversold zone.
That pairing often means momentum’s shifting. Dogecoin’s price climbed a few percentage points since then—small move, but a telling one. The bigger trend has leaned bearish for weeks. But this wedge breakout could mark the start of something different. Buyers seem to be slowly stepping in, though overall volume still lags.
At the moment, Dogecoin trades around $0.1557, gaining 1.3% in 24 hours. Volume fell 4.7%, now sitting at $745 million. That number may not scream confidence yet, but these early patterns usually come before the storm. The chart’s message is clear—bears are slipping. If buyers push through resistance with force, the door to $0.40 swings wide open.
