Dogecoin is showing some serious potential for growth against Bitcoin, according to recent analysis. A technical pattern suggests a significant rally could be on the horizon.
The Falling Wedge Breakout
A crypto analyst, Trader Tardigrade, noticed something interesting: Dogecoin has broken out of its third consecutive “Falling Wedge” pattern against Bitcoin. This pattern is a bullish signal, often meaning a price increase is coming.
What’s a Falling Wedge? Imagine a triangle pointing downwards. As the price goes down, the range between the highs and lows gets smaller and smaller. This narrowing suggests that selling pressure is weakening, and buyers are taking over.
Dogecoin has shown this pattern twice before, in 2023 and 2024. Both times, a breakout from the wedge led to a huge price jump. The third breakout just happened in April 2025, suggesting a similar rally might be on the way. The analyst predicts a potential price surge from $0.00000173 to $0.000057.
Outperforming Bitcoin?
Trader Tardigrade also looked at Dogecoin’s performance compared to Bitcoin over time. They used a chart showing price action and the On-Balance-Volume (OBV) indicator, which measures buying and selling pressure.
The current OBV pattern for DOGE/BTC looks very similar to the one seen right before Dogecoin significantly outperformed Bitcoin from October to December 2024. This suggests a similar scenario might play out again. The pattern shows a period of decline, followed by consolidation and a rise in OBV (meaning more buying). This is followed by a breakout and a strong rally.
In short, the analyst believes Dogecoin could outperform Bitcoin soon, based on these technical indicators.