**Top Analyst Spots Major Sign for Dogecoin Reversal That Previously Led to 240% Surge**
Crypto analyst “Trader Tardigrade” suggests Dogecoin (DOGE) may be gearing up for a significant price surge. Over the past three months, DOGE has faced a steep decline, dropping over 70% from its high of $0.48434 to a low of $0.14280, driven by macroeconomic and inflation concerns. However, a key reversal signal has now appeared on its weekly chart.
**A Dogecoin Weekly Doji**
In a recent X post on March 17, Trader Tardigrade highlighted a doji candle on DOGE’s weekly candlestick chart. A doji forms when the opening and closing prices are nearly identical, indicating a balance between buyers and sellers. While neutral on its own, in context, it can signal a potential trend reversal, especially after prolonged selling pressure.
Last week, DOGE opened at $0.16810 and closed at $0.16817, forming this doji. The analyst noted that a similar pattern preceded DOGE’s 240% surge in Q4 2024, suggesting history could repeat.
**A DOGE Rally to $1?**
If the reversal plays out, DOGE could aim for the elusive $1 mark. Trader Tardigrade’s chart points to a potential target near $0.95, based on an ascending channel formation. Currently, DOGE is trading at $0.1730, down 3% on the day.
**Disclaimer:** This content is for informational purposes only and not financial advice. Conduct your own research before investing.
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