The DOGE price shows bullish signs against Bitcoin (BTC) in the weekly timeframe. However, the DOGE/USD pair gives a considerably more pessimistic outlook.

While the DOGE/BTC pair has broken out and validated its resistance as support, the DOGE/USD pair has invalidated its breakout instead.

Dogecoin Price Validates Resistance After Breakout

The weekly time frame technical analysis shows that the DOGE price prediction is bullish against BTC. The price had increased since June when it had seemingly fallen below (green circle) the 230 satoshi horizontal support area. However, the ensuing increase saved the breakdown and caused a breakout from a descending resistance line at the end of July.

The price fell after the breakout but validated both the resistance line and the 230 satoshi support area last week by creating a long lower wick (green icon).

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Author: Valdrin Tahiri

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