- Dogecoin is showing signs of a major rally against Bitcoin, with analysts pointing to repeating price and volume patterns that could mirror its 2024 breakout.
- As volume increases and key resistance is tested, Dogecoin might experience a significant surge, potentially peaking by late October 2025.
Dogecoin, the meme-inspired cryptocurrency, has been making waves in the crypto market lately, with analysts predicting a major rally in the near future. With growing attention on its trading behavior against Bitcoin, traders are keenly observing the emerging patterns that could lead to significant price surges.
A Pattern Repeating Itself: Dogecoin vs. Bitcoin
Renowned trader Tardigrade has drawn attention to the similarities between current Dogecoin price movements and its 2024 breakout. By analyzing the $DOGE/$BTC chart, Tardigrade has identified repeating On-Balance Volume (OBV) and price patterns, which could indicate that Dogecoin is poised to outperform Bitcoin once again. In the past, similar conditions led to a sharp rally in Dogecoin’s value, especially between October and December of 2024, outpacing Bitcoin significantly.
The technical breakdown of the chart shows key components supporting this theory. Notably, Dogecoin’s price has been making higher lows and breaking above a declining trendline, both signs of strength. Furthermore, the OBV indicator has been rising in line with the price trend, signaling that volume is supporting the upward momentum. This combination of price action and volume pressure suggests that Dogecoin could be on the verge of another major rally.
Rising Volume Pressure Points to a Bullish Shift
Tardigrade’s analysis emphasizes the importance of volume dynamics in determining future price action. The OBV surge from 2118 to 2148, mirroring the spike before the 2024 rally, adds to the bullish sentiment. Historically, such volume spikes have preceded significant price breakouts. As Dogecoin pushes against key resistance zones, the technical structure suggests that the bullish momentum could continue.
However, Tardigrade also advises caution, noting that OBV alone may not always provide a reliable prediction. Cross-validation with other indicators like moving averages or the Relative Strength Index (RSI) would make the bullish outlook more credible. Nevertheless, the current chart setup presents a promising short-term outlook for Dogecoin’s performance relative to Bitcoin.
A Cycle Peak on the Horizon?
Another intriguing angle comes from analyst DOGECAPITAL, who utilizes a custom indicator to track Dogecoin’s historical cycle tops. According to this analysis, Dogecoin’s past cycles often correspond with Bitcoin’s larger market movements, with Dogecoin often reaching cycle peaks slightly earlier or later than Bitcoin.
DOGECAPITAL’s indicator suggests that Dogecoin may reach another significant peak around late October 2025. If past trends hold true, this could signal the start of another substantial price increase for Dogecoin. With increasing volume and positive technical indicators, the stage seems set for a potential bull run.
As Dogecoin continues to show bullish signs against Bitcoin, traders are eagerly watching its price action for confirmation of a major breakout. The repeating OBV patterns, rising volume pressure, and potential cycle top suggest that Dogecoin could experience another significant rally, possibly surpassing Bitcoin once again by late 2025. However, as always in the volatile world of cryptocurrency, caution and further validation through additional indicators are essential for making informed trading decisions.
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