Dogecoin Hold Key Trendline for Sixth Day as Historical Profit Metric Hits All-Time High
The post Dogecoin Hold Key Trendline for Sixth Day as Historical Profit Metric Hits All-Time High appeared on BitcoinEthereumNews.com.
TLDR: Dogecoin has tested a descending trendline across six consecutive daily candles without breaking below support. Analyst Trader Tardigrade warns that current momentum is weak and a volume spike is needed to confirm a breakout. Dogecoin’s Number of Days Spent at a Profit has surpassed 1,100 days, marking a first-ever reading for the asset. The 1,100-day metric shows most historical holders are at a loss, a level that often precedes long-term accumulation phases. Dogecoin is drawing attention from analysts as two distinct market signals emerge simultaneously. The asset is holding a key trendline on the daily chart while posting a historic reading on a long-term cycle indicator. Together, these developments are painting a complex picture for traders watching the market closely. The situation reflects both caution and structural interest in Dogecoin at its current price level. Trendline Support Remains Intact but Momentum Raises Questions Dogecoin has tested a descending trendline across six consecutive daily candles. Each test has so far resulted in the price holding above support. Crypto analyst Trader Tardigrade noted that structure remains technically bullish under these conditions. However, the analyst also pointed out that the current price action appears to be running low on energy. $DOGE/daily Trendline holding but momentum weak #Dogecoin has tested the trendline 6 daily candles in a row, trying to break below it. It’s still holding above the descending trendline — structure remains bullish Still, this pop looks like it’s running on fumes. Price… https://t.co/ZtxMVeZnXF pic.twitter.com/Dh8Ap6blJT — Trader Tardigrade (@TATrader_Alan) February 22, 2026 According to Trader Tardigrade, the move lacks the buyer conviction needed to confirm a genuine breakout. The analyst specifically called for a volume spike and strong conviction candles as confirmation signals. Without those, the setup is considered more hopeful than reliable. The brakes, as the analyst described, are lightly tapped…
Filed under: News - @ February 22, 2026 10:28 pm