DOGE-BTC Ratio Triggers Historic Cycle Signal; Major Shift In The Making

In Brief

• DOGE/BTC ratio bounced from historic support.
• Signal previously preceded Dogecoin outperformance phases.
• Confirmation depends on broader market conditions.

The Dogecoin (DOGE) versus Bitcoin (BTC) ratio has printed a new technical trigger on the monthly chart. The signal mirrors structures that previously appeared before major Dogecoin outperformance phases. This has revived discussion around a potential meme coin rotation.

A Familiar Setup Returns

As it happens, the DOGE/BTC pair is often used to track whether speculative capital is rotating away from Bitcoin into higher-beta assets. When the ratio strengthens, it typically reflects rising risk appetite across the cryptocurrency market.

Recent chart observations, shared by prominent crypto industry analyst Trader Tardigrade in an X post on February 24, suggest the pair has revisited a long-term support zone that acted as a launchpad in previous cycles.

In both 2020 and 2021, similar structures formed after extended consolidation periods, followed by sharp upward expansions in the ratio.

The latest monthly candle appears to show another bounce from that historically reactive zone. Analysts tracking the pattern describe it as a recurring trigger area where Dogecoin begins outperforming Bitcoin after prolonged weakness.

*DOGE-BTC ratio. Source: Trader Tardigrade/X*

Why Traders Watch DOGE/BTC Cycles

Relative strength pairs like DOGE/BTC often act as sentiment gauges rather than price predictors. When meme coins start outperforming Bitcoin, it usually coincides with broader shifts toward speculative trading behavior.

Historically, phases where Dogecoin gained momentum against Bitcoin aligned with periods of strong retail participation and expanding altcoin narratives. That makes the ratio a closely watched signal during late-cycle environments.

Still, monthly signals unfold slowly and can take time to confirm. Broader market structure, Bitcoin dominance trends, and liquidity conditions all influence whether meme-driven rotations sustain or fade.

*DOGE price 7-day chart. Source:* *CoinGecko*

For now, Dogecoin is trading at $0.09172, down 3.2% on the day, 8.8% across the week, and 25.5% over the past month. At the same time, the price of Bitcoin stands at $63,970.06, which indicates a decline of 2.6% in the last 24 hours, 6.1% where the last seven days are concerned, and a 27.8% dip past month-wise.

*BTC price 7-day chart. Source:* *CoinGecko*

The ratio has placed Dogecoin back on macro watchlists. Whether the move evolves into a full meme coin cycle or remains a short-lived bounce will likely depend on how the broader crypto market behaves in the months ahead.