The Dogecoin price has just completed a key technical breakout against Bitcoin (BTC), potentially signaling the start of a significant rally. According to the analyst who identified the Falling Wedge breakout, Dogecoin may also outperform Bitcoin in this market cycle.
Dogecoin Price Eyes Pump After Falling Wedge Breakout
On April 27, Trader Tardigrade, an X (formerly Twitter) crypto analyst, announced that Dogecoin has broken out of its third consecutive Falling Wedge pattern— each of which signaled a major upward move in the meme coin’s value relative to Bitcoin. As the crypto market prepares for the highly anticipated altcoin season, present technical indicators are pointing to Dogecoin as a candidate for a powerful pump.
The chart, shared by Trader Tardigrade, tracks the DOGE/BTC pair on a 3-day timeframe, highlighting three notable Falling Wedges. This pattern is widely regarded as a bullish reversal signal, often preceding substantial price rallies.
A Falling Wedge forms during a downtrend as the cryptocurrency’s price makes lower highs and lower lows, but the range of this movement gradually tightens. This narrowing means that selling pressure is waning, and buyers are gradually regaining control of the market.
Notably, Dogecoin had begun forming the two previous Falling Wedge patterns in 2023 and 2024, respectively. Following a breakout from these wedges, the DOGE/BTC pair experienced a rapid and aggressive rally, as confirmed by the sharp vertical green arrows and market capitalization surges labeled on the chart. These massive price increases occurred in March 2024 and again around October of the same year.
Now, in April 2025, the third Falling Wedge has completed its breakout, marked once again by a breakout candle above the descending resistance line. According to the technical pattern, this signals a strong shift in bullish momentum, setting the stage for Dogecoin to record its third pump.
Trader Tardigrade confirmed that Dogecoin’s current wedge setup mirrors past cycles almost identically, reinforcing the possibility of a similar powerful rally. If history is any indication, the DOGE/BTC pair could experience an explosive surge from $0.00000173 to $0.000057.
Analyst Sees DOGE Outperforming Bitcoin Soon
In another analysis report, Trader Tardigrade shared a chart comparing Dogecoin’s historical performance relative to Bitcoin, using the DOGE/BTC trading pair on a 3-day time frame. The analysis focuses on a recurring pattern involving price action and the On-Balance-Volume (OBV) indicator—a key metric used to measure the balance between buying and selling pressure.
According to Trader Tardigrade, Dogecoin could outperform Bitcoin soon if the current DOGE/BTC OBV pattern mirrors historical trends. Notably, the current setup is eerily similar to the pattern observed in mid-2024, just before Dogecoin overtook Bitcoin from October to December of that year.
In previous and current instances, DOGE experienced a steady downturn, followed by a consolidation phase. There was also a notable rise in OBV, signaling strong accumulation and buying pressure. Ultimately, in 2024, this led to a sharp breakout, triggering a strong rally in DOGE relative to BTC.