Trader Tardigrade, a popular crypto analyst, has pointed to a familiar technical setup in Dogecoin’s charts that previously preceded massive rallies — and suggested the meme coin could be gearing up for another parabolic move despite recent weakness.
Why analysts are watching Dogecoin’s momentum
- On X, Trader Tardigrade highlighted Dogecoin’s weekly Price Momentum Oscillator (PMO), which has fallen to levels that preceded two historic surges: a 21,000% rally from 2015–2018 and an 800% advance between 2022–2024. He argues that a similar PMO dip today could foreshadow another explosive run, with his chart hinting at a potential push just above the $1 mark — a new all-time high versus the current ATH of $0.73.
Short-term technical picture and other analyst views
- The market has pushed DOGE down toward the $0.10 support area, but Trader Tardigrade sees a possible bottom forming: an ascending triangle on the 4-hour chart that often resolves to the upside.
- Crypto GVR interprets recent action as a reversal signal and projects a long-term range between $0.30 and $0.50 for Dogecoin.
- Top Gainer describes DOGE as being in an accumulation zone and predicts that a major breakout could ultimately bring the token to $1.
- Bitcoinsensus points to a bullish MACD print on the 4-hour timeframe and says DOGE could target the $0.13 zone for a breakout; if bullish momentum holds, the coin could aim for its last pivot high.
- CryptoCeek cautions that the brief slip below $0.10 looked like a classic panic flush. They warn that rejection at $0.12 could trigger a deeper drop toward $0.08, whereas a clean break above $0.12 could see DOGE climb toward $0.16 in the short term.
Current market snapshot
- Dogecoin is trading around $0.1070, up roughly 5% over the past 24 hours (CoinMarketCap).
Bottom line
Analysts are split between bullish technical setups and short-term risk levels: some see this PMO-driven pattern and chart formations as the foundation for another sizable rally, while others warn that certain resistance points could trigger deeper retracements if not cleared. As always, these scenarios are speculative and hinge on broader market momentum.
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