Dogecoin has broken out of a Falling Wedge against Bitcoin, indicating a possible rally. Trader Tardigrade predicts DOGE might soon outperform BTC, citing historical patterns and current OBV trends. If these align, we could see significant price surges similar to past events.
Dogecoin has completed a significant technical breakout against Bitcoin, paving the way for a potential rally. According to crypto analyst Trader Tardigrade, this recent Falling Wedge breakout could mean that Dogecoin might also outperform Bitcoin in this current market cycle. Yet, as always, the crypto landscape can be unpredictable, but the patterns are certainly intriguing.
On April 27, Trader Tardigrade outlined on X (previously known as Twitter) that Dogecoin has successfully broken out of its third consecutive Falling Wedge pattern. Historically, such breakouts have been harbingers of major upward movements in Dogecoin’s value against Bitcoin. As we head into what many consider to be an altcoin season, current technical indicators strongly favour DOGE.
The analyst showcased a chart featuring the DOGE/BTC pair over a three-day timeframe, highlighting the three distinct Falling Wedges. Generally, this pattern is viewed as a bullish signal and often precedes significant price rallies. A Falling Wedge typically forms during a downtrend when the price creates lower highs and lower lows—the tightening range suggests decreasing selling pressure and a re-emerging buying force.
Historically, Dogecoin formed two previous Falling Wedge patterns in 2023 and early 2024. Both breakouts were followed by swift and aggressive rallies, represented in the chart with marked vertical green arrows and subsequent surges in market capitalisation. Each happened in March 2024 and once more around October of the same year, making it evident that previous patterns had indeed foretold significant price movements.
Now, in April 2025, the third Falling Wedge has been completed, signified by a breakout candle that surpassed the descending resistance line. Technical analysis suggests this change indicates a strong bullish momentum, possibly setting the stage for another rally for Dogecoin.
Trader Tardigrade noted that Dogecoin’s current formation is almost identical to those seen in prior cycles, which strengthens the argument for a robust rally ahead. If trends continue as they have, the DOGE/BTC pair might see a dramatic surge from approximately $0.00000173 to $0.000057, a notable increase by any means.
In a separate analysis, Trader Tardigrade again delved into Dogecoin’s past performance compared to Bitcoin using the DOGE/BTC trading pair on a three-day timeframe. He examined a recurring correlation between price movement and the On-Balance-Volume (OBV) indicator, which assesses buying versus selling pressure in the market.
Trader Tardigrade hinted that if Dogecoin’s current OBV pattern aligns with historical data, it could mean a potential outperformance versus Bitcoin is on the horizon. The current situation is eerily reminiscent of mid-2024, just before Dogecoin’s notable surge against Bitcoin during the latter months of that year.
Previous patterns show that Dogecoin has both seen downturns and then enter a consolidating phase that has preceded significant OBV upticks—indicating strong accumulation. This culminated in substantial breakouts, igniting sharp rallies relative to Bitcoin in the past. With history potentially repeating itself, many in the crypto scene will be watching closely as developments unfold.
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