Morning Doji Star Suggests DOGE Could Rally to $0.8
Dogecoin, despite being the largest meme coin, has been unable to replicate its previous explosive trends that had led to new all-time highs. Even now, the cryptocurrency continues to struggle below $0.1, spurred on by…
Dogecoin, the largest meme coin, has yet to repeat the explosive runs that produced past all-time highs and currently trades below $0.10 amid overall bearish sentiment. Still, a bullish monthly technical pattern could signal a renewed uptrend.
Crypto analyst Trader Tardigrade recently pointed out a Morning Doji Star on DOGE’s monthly chart. The Morning Doji Star is a well-known reversal formation that often precedes bullish moves. When this same setup appeared on Dogecoin’s monthly chart in 2023, DOGE climbed more than 400% over the next year and topped near $0.50 before that rally cooled.
The analyst now projects an even larger advance — on the order of 700% — which would put Dogecoin in the roughly $0.70–$0.80 range and potentially challenge prior highs. That scenario assumes the pattern plays out fully; historical precedent also leaves room for a final low to form first, with some estimates suggesting a possible dip toward about $0.08 before a reversal.
Important caveats: while the Morning Doji Star is a bullish cue, broader market dynamics matter. Bitcoin’s trend continues to exert a strong influence on altcoins, and BTC’s direction will likely shape DOGE’s path. Chart source: TradingView; featured image from DALL·E. This is market commentary, not financial advice.
