Dogecoin’s Wild Chart Pattern Suggests It Could Flip Bitcoin This Time (Again?!)

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If you’ve ever wondered what excitement looks like in the cryptocurrency world, it probably resembles a dog wearing sunglasses, flying past an asteroid—at least, that’s how Dogecoin behaves whenever it gets wind of a technical breakout. And yes, strap yourself in: Dogecoin has apparently just wrapped up another “falling wedge breakout” against Bitcoin, ready—or so the charts whisper—for yet another turbocharged rally. Who knew graphs could be so… optimistic?

The Intriguing Art of Dogecoin’s Great Escape 🐕🚀

On April 27, the illustrious Trader Tardigrade (a crypto analyst, probably not an actual microscopic bear) declared on X (formerly Twitter, currently a confused bird) that Dogecoin had staged its grand escape from a third consecutive falling wedge pattern. Yes, a third one. Apparently, DOGE collects falling wedges like some people collect novelty mugs, except every mug signals an imminent party in the coin’s price.

The chart he shared starred the DOGE/BTC pair over a three-day time frame, showing not one, not two, but three falling wedges. These patterns are supposed to be ultra-bullish signals, the technical equivalent of the dog from the meme grinning as the world explodes behind him.

In case your idea of a wedge is limited to something you pair with cheese, in crypto it’s a pattern formed as prices get lower-highs and lower-lows, but those movements start to get cozy. Eventually, sellers tire out, buyers flex their muscles, and—kaboom!—the pattern suggests a dramatic shift ahead. (There is no cheese, sadly.)

History buffs will note Dogecoin wasn’t shy about this trick before: it whipped up wedges in 2023 and 2024, broke free, and the price shot straight up like a caffeinated squirrel. Green arrows on the chart even point out where things went full vertical, helpfully removing any lingering doubt as to when the mayhem started. Each time, Dogecoin’s market cap ballooned, and DOGE diehards surely threw at least a few virtual parties.

Now, in April 2025, the wedge saga has its triumphant sequel: breakout candle above the resistance line, bullish vibes echoing across crypto Twitter, and dreams of another dizzying moonshot. (Insert howling at the moon joke here.)

Trader Tardigrade—clearly enjoying the role of DOGE whisperer—points out that this year’s wedge looks suspiciously like prior chart acrobatics. Translation: if the past is any guide, DOGE could leap from $0.00000173 to $0.000057 with the subtlety of a puppy on a trampoline.

DOGE vs. Bitcoin: Place Your Bets… Again 🔮

As if one chart isn’t enough, our intrepid analyst shared yet another, this time comparing DOGE’s historical stunts against Bitcoin itself. The metric in fashion? The OBV, or On-Balance-Volume—think of it as a popularity counter for crypto, tallying who’s buying, who’s selling, and who’s just there for the memes.

Trader Tardigrade suggests that if Dogecoin’s OBV pattern is copying its 2024 playbook, things could get interesting—fast. Back then, DOGE slipped steadily south, went sideways, then quietly built up buying pressure until, abracadabra, a mammoth rally left Bitcoin panting in its wake. Déjà vu?

Right now, the charts suggest that history isn’t so much repeating itself as desperately cosplaying, complete with the same sagging price action, the same secretive accumulation, and, just maybe, a looming breakout that even the most jaded investor can’t resist rubbernecking.

Will Dogecoin defy logic, gravity, and seriousness for the third time in a row? The market can be a fickle beast—but if you hear distant howling, you’ll know the wedge has struck again.

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2025-04-30 05:17