Dogecoin Bullish Pennant Signals Breakout Ahead
Dogecoin trades near $0.074 as a weekly bullish pennant form, with $0.085-$0.090 resistance and $0.070 support in focus.
Dogecoin is trading near $0.07422 on Coinbase’s daily chart after a long drop from 2025 highs. Price is trying to hold a low support area while traders watch a weekly pennant setup.
Trader Tardigrade said DOGE has formed a bullish pennant on the weekly chart. He pointed to tight compression, falling volume, and a clear consolidation pattern.
The daily chart still shows weak momentum, so confirmation remains important for buyers. DOGE must reclaim nearby resistance before the bullish setup gains stronger support.
The main levels now sit at $0.085, $0.090, and $0.11013. Support remains near $0.070, with deeper levels around $0.065 and $0.060.
Weekly Pennant Puts Breakout Setup in Focus
Trader Tardigrade said Dogecoin’s weekly chart shows a bullish pennant structure.
A bullish pennant forms when price tightens after a strong move. Traders often watch this pattern for a possible continuation breakout.
$Doge/weekly
✍️ I can’t be more bullish than this Bullish Pennant ever.#Dogecoin has formed the cleanest compression I’ve seen — tight consolidation, decreasing volume, textbook structure.
Every time $DOGE coils this tight inside a Bullish Pennant, it explodes.
The pattern… pic.twitter.com/VDNaEsKDQA
— Trader Tardigrade 🧬 (@TATrader_Alan) July 15, 2026
He said DOGE has entered tight compression while volume continues to fall. Falling volume during consolidation can show reduced market pressure.
However, the setup still needs a confirmed breakout above resistance. The analyst described the structure as one of the cleaner DOGE setups he has seen.
His view remains based on chart formation, not confirmed price action. Therefore, buyers still need to prove strength with a clear move higher.
DOGE Holds Near Important Support
The daily DOGE/USD chart shows Dogecoin holding near the $0.074 to $0.070 support zone.
This area has become important after the recent decline. Buyers need to defend it to keep the recovery attempt alive.Dogecoin trades near $0.07427 on Coinbase daily chart, TradingView.
If DOGE loses this range, selling pressure could increase again. The next support levels sit near $0.065 and $0.060.
A deeper break could return attention to older low zones. At current levels, Dogecoin is showing early stabilization rather than a confirmed reversal.
The market has not yet shown strong follow-through from buyers. As a result, traders are watching support and resistance closely.
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Resistance Levels Decide the Next Move
The first resistance range sits near $0.085 to $0.090. A move above that area would show early buyer strength. It would also support the weekly bullish pennant view.
The next level to watch is $0.100, followed by $0.11013. That $0.11013 area is the main Fibonacci recovery level on the daily chart.
DOGE remains below it, so the larger recovery is not confirmed. Momentum signals still show a cautious setup.
The MACD histogram is slightly positive, suggesting selling pressure may be easing. The RSI is near 41.88, which remains below the neutral 50 level.
