The DOGE/BTC trading pair is showing a pattern that has historically preceded major price rallies for Dogecoin, indicating a potential upcoming bullish phase.
Before previous explosive price surges, Dogecoin tends to form new lows in the DOGE/BTC pair while its USD price trends upward, creating a divergence that suggests a bullish momentum.
The recent lower lows in the DOGE/BTC chart signal that Bitcoin is currently outperforming Dogecoin, but historical patterns suggest a potential reversal leading to a significant price increase for Dogecoin beyond $0.20.
Dogecoin is currently trading at around $0.1758 with a 24-hour trading volume of $2 billion, while Bitcoin has fluctuated between $100,783 and $105,888, potentially impacting the broader cryptocurrency market.