Dogecoin's monthly chart shows a brutal pattern of repeated rejections and cascading declines that may seem harsh at first glance.
Crypto Analyst Trader Tardigrade laid out Over this decade-long structure, Dogecoin's price has faced significant resistance on three separate occasions, each time causing a massive crash. The 2026 rejection is now in effect, and analysts expect the same catastrophic sequence to repeat itself a third time. However, the chart shows A twist that changes everything.
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Dogecoin hits the reverse monthly chart
Trader Tardigrade's chart shows DOGE/USD on a monthly timeframe, but the price scale is inverted. This means that the lower the chart moves, the higher Dogecoin is moving at normal market prices. A red descending line is specified as critical resistance Therefore, it is not a bearish ceiling in the usual sense. This is a resistance line on a reversal chart, and its rejection will cause the price to fall.
As shown on the chart, Dogecoin failed to break out and went straight back below the level. However, given that this is a reversal, what it actually means is that Dogecoin is bouncing back at the support trend line. A decline on the opposite scale would lead to an increase in the real price of DOGE.
Analysts pointed out three key moments when Dogecoin touched this resistance line and failed to break out. The first is presented around the 2017 cycle, the second around the 2021 cycle, and the third is currently set for 2026. In each case so far, the rejection was followed by a large downward move on the inverted chart. This means a big drop. rise upward Regular Dogecoin chart.
Dogecoin price chart. Source: @TATrader_Alan On X
What's next for Dogecoin?
“This decline is yet to come,” the analyst said. However, the drop mentioned is not a typical Dogecoin price crash. On the upside down chart, it's a decline. In normal parlance, this means that the price of Dogecoin will increase. If the historical decline on the upside-down chart is repeated, the chart's predictions indicate double-digit price levels.
This target is extreme compared to Dogecoin’s current price of around $0.108. A rise to $1 would require DOGE to rise more than 825% from current levels, and a rise to $10 would require a rise of more than 9,000%. However, the prediction on the chart shows Dogecoin price rising to $23. This is why your chart should look like this: Read as a long-term setup.
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Speaking of price fluctuations, Dogecoin is actually showing signs of backlash from support. DOGE has risen to $0.11 in the past 24 hours and is currently up about 10% in 7 days. Interestingly, Dogecoin futures Open interest is increasing explosively And we are currently at the highest level of the year.
dogecoin open interest
Featured images from Pexels, charts from TradingView
