Dogecoin (DOGE) Price vs Bitcoin (BTC): Ascending Triangle Could Trigger Massive Breakout

Dogecoin has been quietly building an interesting technical pattern against Bitcoin that’s catching the attention of seasoned traders. The meme coin that started as a joke has historically surprised markets with explosive moves, and the current chart setup is reminiscent of patterns that have led to significant rallies in the past. With crypto markets showing renewed interest in altcoins, this technical formation could be worth watching closely.

DOGE Price Consolidates in Ascending Triangle

The DOGE/BTC weekly chart is showing a textbook ascending triangle – a pattern that often signals big moves are coming. This isn’t just any random formation; it’s the same type of setup that previously launched DOGE on a massive run.

Crypto analyst @TATrader_Alan highlighted how significant this pattern is, pointing out that the last time DOGE formed a similar triangle against Bitcoin, it delivered a 4x pump. Now traders are wondering if history might repeat itself as the pattern develops once again.

Key DOGE/BTC Levels to Watch

The technical setup is pretty straightforward: buyers keep stepping in at higher prices (forming the triangle’s rising bottom), while there’s a clear ceiling that DOGE hasn’t been able to break through yet. If it finally pushes above that resistance, we could see fireworks.

Here’s what to watch:

• Support trendline: The rising lows that form the triangle’s base
• Resistance zone: The horizontal ceiling that’s been holding DOGE back
• Bullish target: If the pattern plays out like before, we could see another 3x-4x rally

Of course, not every breakout works out. If DOGE gets rejected at resistance or the triangle breaks down, we might see a pullback to previous support levels instead.

A confirmed breakout from this triangle wouldn’t just be good news for DOGE holders – it could signal a broader shift in market sentiment. When Dogecoin starts running, it often gets retail traders excited and can kick off what’s known as “altcoin season.”

With Bitcoin holding steady and market conditions improving, an explosive DOGE move could grab headlines and bring fresh money into crypto. The next few weekly candles should tell us whether this pattern will deliver on its promise or fizzle out like so many others.