Trader Surf's weekly chart analysis indicates that Dogecoin(DOGE) may be showing signs of a breakout against Bitcoin(BTC). Although in a long-term downtrend, DOGE's price and Relative Strength Index(RSI) have both experienced slight increases, suggesting selling pressure is easing. Bitcoin dropped 4% to $63,112, while Dogecoin fell 5.61% to $0.09091. This divergence has intensified market speculation about DOGE's performance: if this momentum can continue until the weekly close, DOGE could outperform BTC. Analysts note that Bitcoin's stability is crucial, as further declines in BTC could quickly erase DOGE's gains.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Trader Surf's weekly chart analysis indicates that Dogecoin(DOGE) may be showing signs of a breakout against Bitcoin(BTC). Although in a long-term downtrend, DOGE's price and Relative Strength Index(RSI) have both experienced slight increases, suggesting selling pressure is easing. Bitcoin dropped 4% to $63,112, while Dogecoin fell 5.61% to $0.09091. This divergence has intensified market speculation about DOGE's performance: if this momentum can continue until the weekly close, DOGE could outperform BTC. Analysts note that Bitcoin's stability is crucial, as further declines in BTC could quickly erase DOGE's gains.