A notable pattern appears when examining the weekly candlestick timeframe price chart for Dogecoin. Before each of Dogecoin’s explosive price surges, the DOGE/BTC pair tends to slide lower to form new lows. At the same time, DOGE’s price in USD begins to trend upward. This divergence has been observed multiple times, most recently before the surges in early and late 2024, and it appears to be forming once again.
Notably, this recent 24-hour price action has caused Dogecoin to extend its recent low against Bitcoin, with the DOGE/BTC pair currently trading at 0.00000170.
