The relationship between Dokwin and Bitcoin It is about to take an interesting turn, as the DOGE/BTC trading pair has always preceded the main gatherings of the DOGECOIN price. According to a recent analysis of Tardigrade Traderigrade Crypto Analyst on X, the last decrease in the DOGE/BTC pair may not be a downward mark. Instead, the beginning of something may be much larger for Dog.
DOGE/BTC prints down down again
A noticeable pattern appears when examining the diagram of the Dogoin weekly timeline. Before both explosive DOGECOIN prices, the DOGE/BTC pair tends to slide to form its lowest levels. At the same time, the price of Dog begins in the US dollar in the upward direction. This difference was observed several times, the last of which was before breaking up late and late in 2024, and it appears to be formed again.
Tardigrade dealer planning This shows the repeated structure In the behavior of the price of Dogecoin. The upper half of the graph highlights the US dollar scheme with multiple rising movements. Interestingly, each pump is preceded by a distinct decline in the Doger/BTC ratio offered in the lower half of the plan.
The latest series of low -level levels on the DOGE/BTC chart indicate that Bitcoin Currently Dogecoin excel In relative performance; However, if the date is specific, the situation may change soon. If this style is turned on again, the Meme currency may be adopting momentum in a new upward stage that will finally pay its price beyond prominent resistance levels in the 0.20 dollar range and about multiple levels of months. These expectations are also transferred by Tardigrade’s trader, which indicated that the current setting indicates that “a huge pump in the future”.
The target price for the following Dogecoin movement
At the time of this report, Dogecoin is traded at a price of about $ 0.1758, It reflects a decrease around 7.3 % over the past 24 hours. The currency price fluctuated between $ 0.1698 and $ 0.1921 during this period, with 24 -hour trading volume of $ 2 billion.
Bitcoin, on the other hand, is currently 1.4 % decreased over the past 24 hours. Pioneer The encrypted currency has fluctuated From the highest level during the day $ 105,888 to low up to $ 100,783, before recovering slightly to $ 10,200 at the time of writing this report. It is not surprising, this wide range As reflected At the price of each other encrypted currency around the painting.
It is worth noting that this last 24 -hour action has extended its lowest level against Bitcoin, with a DOGE/BTC pair currently trading at 0.00000170.
If this is low in the DOGE/BTC pair again as an introduction to the price reflection, this may be a theater for penetration at the DOGE price. Based on this preparation, TRADER TARDIGRADE A. Dogecoin Price Rally To new levels ever above $ 0.70.
Distinctive image from Getty Images, Chart from TradingView.com
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