Dogecoin (DOGE) has increased by over 16% in the past week, and the current trading price is $0.147. Despite a slight drop of 3% over the past 24 hours, the price remains above last week's low of $0.117. The daily trading volume reached $1.83 billion, indicating strong market interest in this "meme coin," which has also been boosted by other tokens like SHIB and PEPE.
This classic meme coin once touched a local high of over $0.15 before pulling back slightly. The current price is approaching resistance levels, and traders are closely monitoring for subsequent trends or signs of a pullback.
The pattern indicates the beginning of a recovery phase.
The three-month chart of Dogecoin provided by trader Tardigrade shows that this cycle has occurred twice since 2021. Each complete cycle follows the same pattern: five quarters of decline, followed by five quarters of recovery, and finally four quarters of growth. The recent downtrend seems to have ended by the end of 2025.
Based on the trajectory of past cycles, the current candlestick formation suggests the potential beginning of a recovery. This formation indicates that the recovery could last several quarters and may initiate the next uptrend phase at some point in 2027. Tardigrade wrote:
"Dogecoin ($DOGE) may be entering a recovery phase and is preparing for an upward trend."
This classic meme coin once touched a local high of over $0.15 before pulling back slightly. The current price is approaching resistance levels, and traders are closely monitoring for subsequent trends or signs of a pullback.
The pattern indicates the beginning of a recovery phase.
The three-month chart of Dogecoin provided by trader Tardigrade shows that this cycle has occurred twice since 2021. Each complete cycle follows the same pattern: five quarters of decline, followed by five quarters of recovery, and finally four quarters of growth. The recent downtrend seems to have ended by the end of 2025.
Based on the trajectory of past cycles, the current candlestick formation suggests the potential beginning of a recovery. This formation indicates that the recovery could last several quarters and may initiate the next uptrend phase at some point in 2027. Tardigrade wrote:
"Dogecoin ($DOGE) may be entering a recovery phase and is preparing for an upward trend."