Dogecoin (DOGE) is showing signs of a potential bullish reversal as two distinct, historically significant chart patterns emerge on its price charts. On the daily timeframe, analysts have identified the formation of a classic inverse head and shoulders pattern. This structure, often seen at the end of a downtrend, began forming in October 2025 with the left shoulder, deepened into a head during the November-December correction, and completed its right shoulder in early January 2026.
The price is currently consolidating just below the crucial neckline resistance between $0.15 and $0.16. Prominent crypto analyst Ali Martinez has highlighted that a daily close above this level would confirm the reversal, shifting market structure in favor of the bulls. If confirmed, the breakout could propel DOGE toward initial targets near $0.186 and potentially as high as $0.28 or even $0.50, representing a gain of roughly 290% from current levels. The key demand zone providing support for this setup is between $0.11 and $0.12; a break below this area would invalidate the bullish pattern.
Simultaneously, on the weekly chart, Dogecoin is trading within its third consecutive falling wedge pattern. Historical data from the two prior wedges is compelling: breakouts were followed by massive rallies of 202% and 374%, respectively. Analysis suggests a breakout from the current structure could precede a move of up to 454%. For now, the pattern remains unbroken, with price action confined between immediate support at $0.1357 and resistance at $0.1396, indicating low volatility and ongoing consolidation.
As traders await a decisive move, attention within the meme coin sector is also shifting toward new projects. The Maxi Doge ($MAXI) presale has reportedly raised over $4.5 million, capitalizing on the search for the "next DOGE" with high-growth potential.
