đ Bitcoin vs. Dogecoin: Is $DOGE Poised to Defeat $BTC with a 2400% Rally?
đ¶ Dogecoin [DOGE] Eyes Massive Breakout Against Bitcoin [BTC] đ
Dogecoin is back in the spotlight, with technical indicators and price action signaling a potential rally. A breakout from a multi-year descending channel suggests DOGE could soar by an incredible 2,400%.
đ Dogecoin vs. Bitcoin
DOGE's breakout chart projects a target of 0.00009375 BTC. The MACD indicator supports this bullish trend, showing increasing momentum. The 200-day moving average around $0.26 offers solid support, while an inverse correlation with Bitcoin (-0.80) suggests DOGE could outperform as BTC consolidates near $95,000.
đ ïž Daily Active Addresses Surge
Santiment data reveals a surge in Dogecoinâs daily active addresses, peaking at over 1.6 million in November. Historically, such spikes precede major price rallies. Additionally, rising whale activity indicates significant accumulation, aligning with DOGE's bullish trajectory.
đ Market Sentiment and Price Projections
Social metrics highlight rising optimism for DOGE, amplifying its rally potential. Using Fibonacci extensions, DOGE faces resistance at $0.78, with a long-term target of $1.79. However, traders should watch for profit-taking at key levels like $1.
đš Caution Amid Optimism
Dogecoinâs strong technicals, growing on-chain activity, and market sentiment make it a standout altcoin. As Bitcoin consolidates, DOGEâs inverse relationship with BTC could pave the way for explosive gains.
