Dogecoin is showing signs of recovery after buyers stepped in to defend a critical long-term support trendline. The memecoin climbed roughly 4.26% in the last 24 hours, trading at $0.09829 after touching an intraday high of $0.098. The move signals renewed short-term confidence, though a confirmed bullish breakout has yet to materialize. The price action follows renewed interest from traders who see the current zone as a structural opportunity.

Analyst Trader Tardigrade has drawn attention to a longer-term structural development. According to the analyst’s chart, Dogecoin has returned to a rising support trendline that has been in place for more than a decade. This trendline has been tested twice before. Each prior touch was followed by a substantial upward price move.

The current price action marks the third interaction with this trendline. The analyst views the zone as a historically validated entry point, given how consistently the level has absorbed selling pressure in the past. The pattern carries weight precisely because of its long track record.

Should the support hold and historical patterns repeat, Trader Tardigrade projects a potential rally toward $12. That figure represents an increase of approximately 12,261% from the current price of $0.09708. The target is ambitious by any measure, but it is grounded in the same trajectory that defined previous breakouts from this trendline.

Dogecoin rose roughly 4.26% in the last 24 hours, trading at $0.09829 after touching an intraday high near $0.098. The move signals renewed short-term confidence, though a bullish breakout has yet to materialize. Analysts note a rising long-term support trendline that has existed for more than a decade and has been tested twice before.

Each prior touch was followed by a substantial upward move, and the current price action marks the third interaction with this trendline, which many view as a historically validated entry point given how it absorbs selling pressure over time. Should the support hold and historical patterns repeat, Trader Tardigrade projects a rally toward $12. That target represents an increase of approximately 12,261% from the current price of $0.09708, underlining how the same trajectory that defined previous breakouts from this trendline could drive outsized gains if the pattern plays out.

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