Stronger Dogecoin versus Bitcoin, USD in the coming weeks?
) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October 2022. Can DOGE price see an extended rebound ahead?pair reached 331 sats, up 4.75% compared to the previous day's low of 316 sats. The bounce occurred around a multi-month descending trendline, which has capped the pair's downside moves since November 2022.Interestingly, the DOGE/BTC descending trendline appears part of a prevailing falling wedge pattern.
In the event of a breakout, DOGE/BTC can rise toward 500 sats by April, up 50% from current price levels. The upside target is measured after adding the maximum distance between the falling wedge's upper and lower trendline to the breakout point. A decisive drop below the falling wedge's lower trendline, however, risks invalidating the whole upside setup. Instead, DOGE can drop toward 280 sats, a historical support level down, around 13% from current price levelsin March 2022, wherein the DOGE/USD pair broke below the lower trendline — 50% losses followed.Dogecoin could still fall in the U.S.
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