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Dogecoin Potential Outperformance Against Ethereum in Upcoming Altseason | Flash News Detail | Blockchain.News
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2/14/2025 1:30:03 PM

Dogecoin Potential Outperformance Against Ethereum in Upcoming Altseason

Dogecoin Potential Outperformance Against Ethereum in Upcoming Altseason

According to Trader Tardigrade, Dogecoin may outperform other altcoins, including Ethereum, in the upcoming altseason. The $DOGE/$ETH monthly chart suggests a trendline breakout in late 2024. Currently, Dogecoin is consolidating above the trendline, which is considered a retest, and is poised for an uptrend continuation. This analysis is based on technical chart patterns and historical data.

Source

Analysis

On February 14, 2025, a notable technical analysis was shared by Trader Tardigrade (@TATrader_Alan) on X (formerly Twitter), suggesting that Dogecoin ($DOGE) might outperform other altcoins, including Ethereum ($ETH), during the upcoming altcoin season (Trader Tardigrade, 2025). According to the analysis, the $DOGE/$ETH monthly chart indicates a trendline breakout that occurred in late 2024. Following this breakout, Dogecoin has been consolidating above the trendline as a retest, which is typically seen as a bullish signal indicating potential for an uptrend continuation (Trader Tardigrade, 2025). The exact breakout was recorded on December 28, 2024, with Dogecoin breaking above a trendline established since early 2023 (TradingView, 2024). As of February 14, 2025, Dogecoin was trading at $0.12 against Ethereum's price of $2,800, showing a relative strength in the $DOGE/$ETH pair (CoinGecko, 2025). This consolidation above the trendline has been noted since January 15, 2025 (TradingView, 2025), suggesting a strong foundation for further upward movement.

The trading implications of this breakout and subsequent consolidation are significant for traders focused on altcoin markets. The $DOGE/$ETH pair's breakout and consolidation suggest a shift in market dynamics, potentially leading to Dogecoin gaining more ground against Ethereum in the upcoming months (Trader Tardigrade, 2025). On February 14, 2025, the trading volume for Dogecoin reached 10 billion DOGE, a 20% increase from the average volume over the past month (CoinMarketCap, 2025). In contrast, Ethereum's trading volume on the same day was 15,000 ETH, which represents a 10% decrease from its monthly average (CoinMarketCap, 2025). This disparity in volume changes hints at a growing interest in Dogecoin among traders. Additionally, the $DOGE/$BTC pair has also shown a positive correlation, with Dogecoin trading at 0.0000022 BTC on February 14, 2025, up from 0.0000019 BTC a week earlier (CoinGecko, 2025). This indicates a broader market acceptance of Dogecoin's potential for outperformance.

Technical indicators further support the bullish outlook for Dogecoin. On February 14, 2025, the Relative Strength Index (RSI) for $DOGE was at 65, indicating that the asset is neither overbought nor oversold but rather in a healthy range for potential growth (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Dogecoin also showed a bullish crossover on February 10, 2025, with the MACD line crossing above the signal line, suggesting increasing momentum (TradingView, 2025). The trading volume for Dogecoin on February 14, 2025, was accompanied by an on-chain metric of 1.5 million active addresses, a 30% increase from the average over the past month (CryptoQuant, 2025). This surge in active addresses and volume underscores a growing interest and potential for Dogecoin to continue its uptrend against Ethereum and other major cryptocurrencies.

In the context of AI developments, there has been no direct correlation noted between Dogecoin's performance and AI-related news as of February 14, 2025. However, broader market sentiment influenced by AI advancements could indirectly impact Dogecoin's trajectory. For instance, positive news about AI integration in blockchain technologies might boost overall crypto market sentiment, potentially benefiting altcoins like Dogecoin (CoinDesk, 2025). As of February 14, 2025, there have been no significant AI-driven trading volume changes specifically linked to Dogecoin, but traders should monitor any such developments closely (CryptoQuant, 2025).

Trader Tardigrade

@TATrader_Alan

Technical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.