The long-term pattern reflects exhaustion among sellers and a potential buildup similar to the early stretches of previous runs.
Even the RSI on the chart sits in a neutral band but has begun curling upward from low-momentum regions. If this support continues to hold, it would reinforce the idea that Bitcoin’s dominance may be peaking while Dogecoin prepares for a rebound against the leading cryptocurrency.
His point is tied to relative value. At this support, the DOGE/BTC ratio sits at one of its lowest points in years, meaning Dogecoin is cheap relative to Bitcoin. If a repeat of previous performance were to take place, Dogecoin could rebound from this support zone at 0.00000170 and push upwards against Bitcoin in the next few weeks.
