Rich by Coin

According to @TATrader_Alan, Dogecoin (DOGE) has formed an inverse head and shoulders on the 2-hour chart with a shallow right shoulder, highlighting a potential bullish reversal setup. The inverse head and shoulders pattern typically confirms only after a decisive breakout and close above the neckline with expanding volume, which traders use to validate entry timing. Risk management commonly places invalidation below the right-shoulder low or the head if aggressive, and traders often monitor a post-breakout retest of the neckline for confirmation. Dogecoin enthusiasts are buzzing with excitement as a prominent trader highlights a potentially bullish technical pattern on the cryptocurrency’s chart.

According to Trader Tardigrade, Dogecoin has formed an inverse head and shoulders pattern on the 2-hour timeframe, complete with a shallow right shoulder, signaling possible upward momentum ahead. This development comes at a time when meme coins like DOGE are regaining attention in the broader crypto market, potentially setting the stage for significant price action. The inverse head and shoulders pattern is a classic bullish reversal signal in technical analysis, often indicating the end of a downtrend and the start of a new uptrend. In this case, as noted by Trader Tardigrade on December 21, 2025, Dogecoin’s 2-hour chart shows this formation clearly, with the head representing the lowest point and the shoulders forming higher lows.

The shallow right shoulder suggests that selling pressure might be waning, allowing buyers to step in more aggressively. Traders watching DOGE should pay close attention to the neckline, which acts as a key resistance level. A decisive breakout above this line could confirm the pattern and trigger a measured move upward, potentially targeting prices based on the pattern’s depth. For instance, if the head is at a recent low and the neckline is around current trading levels, the upside potential could be substantial, drawing in more volume and liquidity.