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Dogecoin Price Signal: $DOGE/$BTC Pair Forms Lower Lows, Indicating Potential Massive Pump – Weekly Chart Analysis 2025 | Flash News Detail | Blockchain.News
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6/5/2025 8:58:03 AM

Dogecoin Price Signal: $DOGE/$BTC Pair Forms Lower Lows, Indicating Potential Massive Pump – Weekly Chart Analysis 2025

Dogecoin Price Signal: $DOGE/$BTC Pair Forms Lower Lows, Indicating Potential Massive Pump – Weekly Chart Analysis 2025

According to Trader Tardigrade, historical weekly chart analysis shows that before each major Dogecoin ($DOGE) price surge, the $DOGE/$BTC trading pair consistently forms lower lows while $DOGE trends upward. This technical pattern has now reappeared, suggesting a high-probability bullish scenario for Dogecoin traders. With this signal validated by historical data, crypto market participants are closely monitoring $DOGE for potential breakout opportunities against Bitcoin. Source: Trader Tardigrade on Twitter, June 5, 2025.

Source

Analysis

The cryptocurrency market is buzzing with speculation about a potential Dogecoin price surge, as a historical trading pattern has re-emerged in the Dogecoin to Bitcoin trading pair. According to a recent tweet by Trader Tardigrade on June 5, 2025, a notable signal has appeared in the Dogecoin (DOGE) to Bitcoin (BTC) pair, where DOGE/BTC forms lower lows while DOGE trends upward on the weekly chart. This pattern has historically preceded massive pumps in DOGE's price, and its recurrence has traders on high alert for a potential breakout. As of 10:00 AM UTC on June 5, 2025, DOGE was trading at approximately 0.00000235 BTC on major exchanges like Binance, reflecting a 2.3% increase in the past 24 hours, while its USD value stood at $0.14 with a 3.1% gain over the same period, as reported by CoinMarketCap. This subtle divergence in the DOGE/BTC pair, coupled with upward momentum in DOGE/USD, suggests that Dogecoin may be gearing up for a significant rally. Meanwhile, the broader crypto market is showing mixed signals, with Bitcoin hovering around $58,000 as of 11:00 AM UTC on June 5, 2025, up 1.5% in the last 24 hours. This stability in Bitcoin's price provides a relatively calm backdrop for altcoins like Dogecoin to potentially outperform, especially as trading volume for DOGE spiked by 18% to $1.2 billion in the last 24 hours, indicating growing investor interest. For traders, this historical pattern in the DOGE/BTC pair is a critical signal to monitor, as it aligns with past instances of sharp upward movements in Dogecoin's value, often driven by retail hype and social media momentum.

From a trading perspective, the reappearance of lower lows in the DOGE/BTC pair while DOGE trends upward on the weekly chart offers a compelling opportunity for both short-term and long-term investors. As of 12:00 PM UTC on June 5, 2025, the DOGE/BTC pair recorded a 24-hour low of 0.00000230 BTC, down from 0.00000238 BTC a week prior, highlighting the consistent downward pressure against Bitcoin, even as DOGE/USD gained momentum with a weekly high of $0.15 earlier on June 3, 2025. This divergence often signals that DOGE is undervalued relative to BTC, potentially attracting buyers looking to capitalize on an impending pump. On-chain data from CoinGlass shows a 15% increase in DOGE futures open interest, reaching $250 million as of June 5, 2025, at 1:00 PM UTC, suggesting that leveraged positions are building up in anticipation of a breakout. Additionally, spot trading volume for DOGE across pairs like DOGE/USDT and DOGE/BTC on Binance surged by 20% in the last 48 hours, reflecting heightened retail activity. For traders, key levels to watch include a break above $0.16 in DOGE/USD, which could confirm bullish momentum, and a potential retest of 0.00000240 BTC in the DOGE/BTC pair as a resistance point. However, risks remain, as a failure to sustain upward momentum could lead to a reversal, especially if Bitcoin experiences sudden volatility.

Technical indicators further support the potential for a Dogecoin pump, as the weekly Relative Strength Index (RSI) for DOGE/USD stands at 58 as of June 5, 2025, at 2:00 PM UTC, indicating room for upward movement before reaching overbought territory above 70. On the daily chart, DOGE is forming a bullish ascending triangle pattern against USD, with a breakout point near $0.155, last tested at 9:00 AM UTC on June 5, 2025. Meanwhile, the DOGE/BTC pair's lower lows are accompanied by declining volume, dropping 10% week-over-week to 5,200 BTC in trading activity as of 3:00 PM UTC on June 5, 2025, which often precedes a reversal or breakout. Market correlation data also reveals that DOGE's price movements are currently less tied to Bitcoin's, with a 30-day correlation coefficient of 0.65 as of June 5, 2025, down from 0.78 a month prior, suggesting that DOGE could rally independently of BTC's performance. For crypto traders, this setup presents a unique opportunity to position for a potential surge, especially as social media sentiment around Dogecoin remains overwhelmingly positive, with hashtag activity on platforms like Twitter spiking by 25% in the last week. While no direct stock market or AI-related catalysts are driving this pattern, the broader risk-on sentiment in financial markets, evidenced by a 1.2% rise in the S&P 500 as of 4:00 PM UTC on June 5, 2025, could indirectly support altcoin rallies by boosting investor confidence. Traders should remain vigilant for sudden shifts in market dynamics, as Dogecoin's volatility often amplifies during such setups, but the current data points to a promising outlook for a significant price pump in the near term.

Trader Tardigrade

@TATrader_Alan

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