DOGE Just Marked A Powerful Buy Zone

Dogecoin (DOGE) has flashed another technical buy signal on the 3-day chart, with price tagging the lower boundary of its rising channel. One analyst says previous touches of this pattern border preceded strong upside moves. If history repeats, DOGE may be setting up for another volatility expansion.

What The Chart Shows

On the 3-day timeframe observed by cryptocurrency market specialist Trader Tardigrade in an X post on February 13, Dogecoin remains inside a broader upward channel structure.

The key signals highlighted include orange dots, which represent buy signals at the lower channel border, green spikes suggesting ‘massive deviation’ events before sharp reversals, and the current price, sitting at the pattern support zone.

In previous instances of this cycle, when DOGE deviated below the structure and printed a buy dot, strong rallies followed. The analyst argues this ‘deviation loading’ phase often shakes out weak hands before momentum returns.

Why This Matters For Crypto Traders

Deviation setups typically signal oversold conditions within a larger structure, liquidity sweep before reversal, and early positioning before breakout. If this level holds, DOGE could attempt a move toward the upper channel boundary, currently projected significantly higher.

However, confirmation would require a strong bullish follow-through, rising volume, and reclaiming nearby resistance zones. Failure to hold the channel could invalidate the setup and extend downside risk.

For the time being, DOGE is trading at $0.09537, indicating a 1.9% gain in the last 24 hours, a decline of 1.2% across the past seven days, and an accumulated loss of 36.1% over the last month, according to the most recent price chart information.

Bottom Line

Dogecoin is sitting at a technically important inflection point. The pattern has produced reliable buy signals earlier in this cycle. Now traders are watching whether this ‘loaded’ structure results in another explosive leg higher or if this time the channel finally breaks.

DOGE Price Today

More Must-Reads:

• XRP At A Crossroads: Two Scenarios For Crypto Traders
• Shiba Inu Breakdown Signals Possible 30% Move
• Ethereum User Accidentally Pays $125K Fee – What Happened?