The changes on the candlestick chart are subtle, trading volume looks ordinary, but a big show might be brewing behind the scenes.

With Christmas just passed, the "Santa Rally" didn't arrive as expected, instead cold winds are blowing. On Christmas Day, Dogecoin (DOGE) dropped another 1%, down over 60% since the beginning of the year. As the year closes, the outlook remains bleak.

Recently, market attention has shifted to newly emerged tokens like $PIPPIN, while veteran meme coins like Dogecoin are quite quiet. But having been in this circle for many years, I can sense that something different is brewing. History doesn't repeat exactly, but it often follows the same rhythm. The current movement of Dogecoin hints at some interesting signals.

**What’s hidden in the chart?**

What alerts me is a key discovery: Dogecoin's trend is re-creating a "descending triangle" pattern that appeared in early 2024. Those familiar with technical analysis know that once this pattern is broken, the price usually makes a directional move. When that pattern was broken earlier in 2024, DOGE's price exploded — soaring from around $0.10 to $0.45, with a rapid increase.

More importantly, the On-Balance Volume (OBV) indicator is also replaying a similar scenario. After breaking support, as the triangle pattern approaches a breakout, the volume indicator begins to accelerate its rebound. In technical terms, this signals that buying pressure is quietly accumulating.

From this perspective, although Dogecoin has been neglected in the bear market, the technical signs suggest that the next directional move might be just around the corner. Keep a close eye on this pattern — there could be unexpected surprises.