Comprehensive Analysis: Dogecoin’s Potential Upsurge Against Bitcoin
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Potential Surge for Dogecoin Following Technical Breakout
Dogecoin has recently achieved a crucial technical breakout against Bitcoin, hinting at the possibility of a substantial rally. As identified by a seasoned analyst, Dogecoin may surpass Bitcoin’s performance in the current market cycle.
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Dogecoin’s Breakthrough and Upcoming Market Movements
On April 27, prominent crypto analyst Trader Tardigrade announced that Dogecoin had successfully broken out of its third successive Falling Wedge pattern. Each previous breakout has marked a significant upward trajectory for the meme coin’s value compared to Bitcoin. With altcoin season on the horizon, technical indicators suggest Dogecoin might be poised for a noteworthy upward thrust.
The chart shared by Trader Tardigrade highlights the DOGE/BTC pair over a three-day timeframe, showcasing three significant Falling Wedges. This pattern is widely recognized as a bullish reversal indicator, often foretelling substantial price rallies in the cryptocurrency market.
A Falling Wedge typically forms during a downtrend, with the cryptocurrency’s price creating lower highs and lows, while the movement range gradually narrows. This contraction indicates diminishing selling pressure and a gradual reclaiming of market control by buyers.
Dogecoin began forming the previous two Falling Wedge patterns in 2023 and 2024, respectively. Following breakouts from these patterns, the DOGE/BTC pair experienced rapid and aggressive rallies, as evidenced by sharp upward trends and marked increases in market capitalization. These significant price surges occurred in March 2024 and again approximately in October of the same year.
In April 2025, the third Falling Wedge completed its breakout, signified by a breakout candle surpassing the descending resistance line. This technical pattern signals a robust shift in bullish momentum, positioning Dogecoin for its third potential surge.
Trader Tardigrade has emphasized that Dogecoin’s current wedge pattern closely mirrors past cycles, suggesting the likelihood of a similarly powerful rally. If historical patterns hold true, the DOGE/BTC pair could experience a dramatic surge from $0.00000173 to $0.000057.
Dogecoin’s Potential to Outperform Bitcoin
In another analytical report, Trader Tardigrade provided insights into Dogecoin’s historical performance relative to Bitcoin, analyzing the DOGE/BTC trading pair over a three-day timeframe. The analysis highlights a recurring pattern involving price action and the On-Balance-Volume (OBV) indicator, a crucial metric for gauging buying and selling pressure balance.
According to Trader Tardigrade, Dogecoin stands a chance to outperform Bitcoin in the near future if the current DOGE/BTC OBV pattern aligns with historical trends. Remarkably, the current setup is strikingly similar to the pattern observed in mid-2024, just before Dogecoin outpaced Bitcoin from October to December of that year.
In both past and present scenarios, DOGE experienced a steady downturn followed by a consolidation phase, accompanied by a notable rise in OBV. This rise indicates strong accumulation and buying pressure. Ultimately, in 2024, this led to a sharp breakout, propelling DOGE into a strong rally relative to BTC.
Dogecoin is currently trading at $0.179 on the daily chart, according to data from Tradingview.com.
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