I recently noticed that DOGE shows some quite interesting signals on the monthly chart. The current price is around $0.11, and although there is still pressure, technical indicators are beginning to show signs of a change. The most notable thing I’m interested in is the appearance of a Doji candlestick pattern—that is a candle where the open and close are at similar levels, forming a plus sign shape. What exactly is a Doji candle? It usually indicates market indecision, but when it appears at the end of a prolonged downtrend, it can be a reversal signal.

The MACD indicator is also starting to change—its histogram just turned green, and the MACD line has crossed above the signal line. Although still in the negative zone, the trend is clearly weakening. If DOGE breaks through the resistance at $0.108846 and the Supertrend line, then we might see a real breakout. Some traders are talking about the possibility of rising to $0.80, which is about a 620% increase from the current level, based on the Doji candlestick pattern and how it has appeared in major reversals before.

However, risks still remain. If support at $0.085–$0.088 isn’t maintained, DOGE could continue testing lower levels. But overall, after a 40% sharp decline over the past year, it seems the market is searching for a bottom. Personally, I will keep an eye on whether the Doji candlestick pattern and its formation truly trigger the next rally.