Bitcoin’s recent decline has created an unexpected opportunity in one corner of the market, but it doesn’t come from BTC itself. Attention has shifted to the DOGE/BTC trading pair, which has quietly moved back into the major support zone that suggests an opening. Dogecoin’s strong outperformance.
One trader known as Jimmy on If that level continues to be maintained.
DOGE/BTC is receiving very strong support
jimmy’s Technical analysis highlights One of the basic ideas is that the DOGE/BTC pair is sitting on what he describes as “very strong support.” As shown in the chart below, Dogecoin is currently holding steady at the same baseline level that preceded its biggest outperformance phase against Bitcoin on the daily candlestick time frame.
A closer look at the chart shows that every time it touches this support since 2024, it has produced steady, and sometimes explosive, gains. This consistency is what Current retesting will be important.
The most memorable of these It was a gathering in mid-2024, When a similar retest triggered months of Dogecoin strength. This move pushed the pair up from around 0.00000170 to 0.00000450 before finally losing momentum.
At the time of writing, the DOGE/BTC pair has returned to trading around 0.00000170. The pair’s gradual downtrend is slowing as it once again exploits this demand area, and the pair will make a decision. Whether another rebound is forming Beneath the surface.
The long-term pattern reflects seller exhaustion and potential upside similar to the early stages of the previous run.
Even the RSI on the chart is in the neutral band, but it is starting to curl upwards from the low momentum area. If this support continues to hold, it will strengthen the idea that Bitcoin’s dominance may be peaking while Dogecoin braces for a rebound against major cryptocurrencies.
Whales should “sell Bitcoin and buy Dogecoin”
The most important part of Jimmy’s explanation is: If you were a Bitcoin whale, I would buy Gene and DOGE.
His argument is tied to relative value. At this support, the DOGE/BTC ratio is at its lowest level in years, meaning Dogecoin is undervalued compared to Bitcoin. If past performance is repeated, Dogecoin could rebound from this support zone at 0.00000170 and move higher against Bitcoin in the coming weeks.
The current spot price of Dogecoin is Reflects the broader market mood. At the time of writing, Dogecoin is trading at $0.1553, down 4.3% in the past 24 hours. The entire market is under pressure, with total crypto assets declining by 5.1% over the same period.
Featured image from Peakpx, chart from Tradingview.com
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