Since Doge and Bitcoin effectively topped out during the same time (April to May), and they have continued to do so since then, which is denoted by the black paths; the two paths are aligned with each other. If Bitcoin decides to topple down to $52k, then we could likely see Doge testing the $0.17 range, possibly lower... although, I don't think this is most likely, unless Bitcoin goes lower, or there could be a discontinuity, as such in the past, and Doge topples fairly badly. Whether Bitcoin finds it's low at ~$54k or ~$52k, it should be ready to rise at least as it has previously in the falling wedge that broke out in October; the same increase as July's breakout as well. This should likely be the final bottom before Bitcoin begins it's real push up to the next all time high. For Doge's last rise it began right as Bitcoin topped on April 5th and ended early May as soon as Bitcoin began falling to $28k. The first rise for Dogecoin during the beginning of the year also did the same thing when paired to Bitcoin. Seems that Doge makes rapid gains as Bitcoin is nearing it's top and right as Bitcoin tops, so depending on how long Bitcoin takes to move and to top we could consolidate for some time longer. We have also reset the RSI back down to the levels pre $0.70, that being before a 28,000% run, which lines up nicely with potential targets based on the fibs. Doge pretty much moved with Bitcoin's various legs up to $60k during late 2020 until now; it actually began rising as soon as Bitcoin got back to the $20k level in 2020. I believe ~$0.20 will hold as a good area of support, but we will see. I think Bitcoin is likely to go up quite high, but I also think the world is ending and society is collapsing... so who knows.
BTC Chart:
BTC Chart:
