Dogecoin Strengthens Against Bitcoin as Analyst Flags Rare Monthly Downtrend Compression

Dogecoin is showing early signs of relative strength against Bitcoin after a widely followed crypto analyst published (https://x.com/_cryptosurf/status/2019455983165088219?s=46) a monthly DOGE/BTC chart highlighting a prolonged downtrend compression. The analysis, shared on X on February 5, points to Dogecoin holding near 0.00000139 BTC after a multi-year decline, a level that has historically preceded sharp relative moves.

DOGE/BTC Downtrend Shows Signs of Compression

The chart, sourced from TradingView data, shows DOGE/BTC trending within a descending structure that has tightened significantly since mid-2024. According to the analyst, the slope of lower highs has flattened on the monthly timeframe, while downside momentum has slowed, suggesting reduced sell pressure relative to Bitcoin rather than outright price expansion.

Relative strength indicators add to the setup. The monthly RSI on the DOGE/BTC pair is hovering near long-term lows, a zone that has previously coincided with Dogecoin outperforming Bitcoin during rotation phases. While absolute DOGE price action remains range-bound, the pair's behavior implies a potential shift in capital allocation rather than speculative upside.

This matters because DOGE/BTC strength typically signals meme-coin inflows without requiring broad market risk-on conditions. Analysts often track such relative moves as early indicators of sector rotation, especially when Bitcoin dominance remains elevated.

In the broader context of the DOGE/BTC pair, technical observers note that historical ratio patterns often reflect cycles of relative value rotation between the meme token and Bitcoin. For instance, during earlier market cycles, such as the 2020-2021 bull phase, DOGE outperformed Bitcoin strongly, driving its BTC-denominated ratio sharply higher. Conversely, prolonged downtrends in the ratio have typically marked accumulation periods where the RSI settles into extended lows before eventual rebounds.

Dogecoin Price Action Remains Pressured in USD Terms

For now, Dogecoin has not broken its long-term downtrend against Bitcoin. As of the most recent data, DOGE changes hands around $0.089, with intraday volatility ranging from approximately $0.082 to $0.104. Over the past month, DOGE's price has underperformed the wider crypto market, down over 25%, while macro drivers such as Bitcoin's strength have kept capital concentrated in larger assets.

The convergence of a low monthly RSI on the DOGE/BTC ratio and the ratio's compression near historically significant levels doesn't guarantee a breakout, but it does signal a reduction of selling pressure relative to Bitcoin. Thus, the compression highlighted in the monthly chart is being closely monitored as a structural development that could precede rising relative volatility in the pair.

Market Looking Beyond Just Hypes to Utility

While this might be bullish for Dogecoin, data show whales remain keen on utility, especially as market conditions worsen. One of those high-utility coins capturing the attention of the largest crypto whales is Minotaurus (MTAUR) (http://minotaurus.io/insight/5fc0d08fb8caf00f6832), a rising star with its vast potential.

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MTAUR, the native token of the Minotaurus ecosystem, is positioning itself as a promising bet for those seeking the next big opportunity. The fast-emerging token has a real-world use case and taps into a promising niche, setting it apart from speculative assets.

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