Dogecoin Breaks Out of Descending Triangle, Eyes Similar Rally

Dogecoin (DOGE) has broken out of a descending triangle pattern on its daily chart, according to analyst Trader Tardigrade. This move echoes a similar setup in 2024 that preceded a 300% rally.

The breakout occurred on the third test of resistance, with the full candle closing above the zone. The first two attempts failed, with sellers rejecting the initial push outright and DOGE closing right at resistance on the second try.

However, the third candle cleared the level decisively, flipping old resistance into support and typically opening room for further upside. Analysts believe a similar structural pattern is now forming, and momentum could trigger the next leg up if it builds.