Usman Salis
Dogecoin (DOGE) just hit its lowest point against Bitcoin in over a year, but this might be exactly what bulls have been waiting for. The meme coin's chart is showing classic Bollinger Bands patterns that could trigger a massive 150% rally.
DOGE/BTC Hits Rock Bottom - Perfect Setup for Bounce
DOGE is currently trading at around 0.00000086 BTC, sitting right at the bottom of the monthly Bollinger Bands. This is textbook oversold territory, and historically, it's been a great spot to start looking for reversals.
Here's the math that has traders excited: the midline sits at 0.00000226 BTC while the upper band stretches to 0.00000367 BTC. If DOGE follows its usual playbook and rockets to that upper band, we're looking at gains over 140%. The last time we saw these levels was late 2022 - and that's when DOGE started its next big run.
The setup looks almost identical to what happened in late 2022. Back then, DOGE was stuck in a similar rut for months before exploding nearly 180% in just four months. The beauty of this pattern is it doesn't need Elon tweets or viral TikToks - it's pure market mechanics doing the heavy lifting.
What Traders Are Watching for DOGE Breakout
The first thing everyone's waiting for is a clean break above that lower Bollinger Band. Not just a quick spike, but a proper close that sticks. After that, the key level to watch is 0.0000015 BTC - if DOGE can reclaim that zone, especially sometime in July, it's game on.
This could be bigger than just DOGE though. When meme coins start outperforming Bitcoin, it usually means altcoin season is heating up. And with Q3 just around the corner, the timing couldn't be better for risk-on assets to make their move.
Usman Salis
