Dogecoin Hits Record High in Cycle Indicator, Traders Eye Volume and Participation

Dogecoin's recent price action has been testing a descending trendline across six consecutive daily candles, with each attempt keeping the price above support.

According to analyst Trader Tardigrade, this structure is technically bullish but lacks strength. The move requires buyer conviction to confirm a genuine breakout, and without strong volume spikes and candles, the setup appears hopeful rather than dependable.

The cryptocurrency has reached a milestone in the Number of Days Spent at a Profit, surpassing 1,100 historical days with higher prices than today. This is a cycle-level development rather than a short-term signal, reflecting Dogecoin's position relative to its full price history.