The relationship between Dogecoin and Bitcoin is about to take an interesting turn, as the DOGE/BTC trading pair flashes a technical pattern that has always preceded major rallies for the price of Dogecoin. According to a recent analysis shared by crypto analyst Trader Tardigrade on X, the latest drop in the DOGE/BTC pair may not be a bearish sign. Instead, it could be the start of something much bigger for DOGE.
DOGE/BTC Prints Lower Low Again
A notable pattern appears when examining the weekly candlestick timeframe price chart for Dogecoin. Before each of Dogecoin’s explosive price surges, the DOGE/BTC pair tends to slide lower to form new lows. At the same time, DOGE’s price in USD begins to trend upward. This divergence has been observed multiple times, most recently before the