Dogecoin has spent the past several weeks struggling to reclaim momentum after falling below $0.16. The pullback is due to a larger selling pressure built across the broader crypto market, leaving Dogecoin in a continued downtrend.

Despite this weakness on lower timeframes, a much larger pattern is forming on the yearly chart, one that suggests Dogecoin is approaching the end of a powerful consolidation phase. A recent technical analysis points out that the meme coin has printed four inside-year candles in a row, and this is pointing to compression ahead of a major breakout.

Four Inside-Year Candles: Evidence Of Tight Compression

The yearly chart shared in the analysis shows DOGE trading within a tight band ever since the explosive breakout rally in 2021. Each of th

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