Dogecoin has experienced a sharp decline in the past week and 24 hours, dropping more than 14% and reaching near $0.174 as of press time. This follows a broader market pullback. However, a familiar pattern on Dogecoin’s daily chart hints at potential upside movement. Crypto chart analyst Trader Tardigrade noted that Dogecoin is forming a descending contracting wedge, a pattern previously seen in August that led to a significant price surge after breaking out from the resistance line. 3-day chart analysis also reveals an ascending channel, with Dogecoin now near its bottom and potentially acting as support. Tardigrade believes if this pattern repeats, Dogecoin may experience short-term gains toward $0.26-$0.28. However, success relies on volume and trader involvement.