Dogecoin retests monthly triangle apex; analyst projects up to $2.4

Trader Tardigrade says Dogecoin has returned to the apex of a long-running monthly descending triangle. The last two apex retests preceded major upside moves (source).

Dogecoin traded below $0.10 in late April (NewsBTC). Social buzz also fell sharply (NewsBTC).

The analyst highlights a recurring monthly pattern: a descending triangle forms near cycle ends, price breaks out, then retests the triangle’s tip before a sharp move. Similar retests came ahead of the 2017 and 2020 upswings (chart). He now points to a third convergence in 2026 as price compresses again (NewsBTC).

Projection: a bounce from the apex could extend into new price territory, with an upside scenario up to $2.4 if the move fully plays out (Bitcoinist).

Macro still matters. Bitcoin needs to stabilize into a confirmed bull phase; attempts to hold above $78,000 are ongoing (NewsBTC). Industry capital inflows have picked up in recent days (Bitcoinist).

Headline: Trader Tardigrade flags third DOGE triangle apex; upside case to $2.4 if bounce confirms