thecryptobasic.com
A recent Dogecoin price analysis points to a divergence in trend between the prominent meme coin and most of the crypto market.
Analyst Moe highlighted this in an X post, as Dogecoin surprisingly trends downward while the broader crypto market is rebounding. For context, Bitcoin is up 1% and XRP by 3.6% since the start of the week. In contrast, $DOGE has corrected almost 2% in the same timeframe, playing contrarian to the broader recovery trend.
Dogecoin Divergence Against Others
Moe’s analysis pointed out that this trend extends beyond this week alone. An accompanying chart shows that Dogecoin is forming a lower high on the daily chart while the crypto market cap excluding the top 10 is on a higher low trend.
The analogy suggests that Dogecoin is showing weakness against most major assets outside the top 10 cryptocurrencies by market cap. While it might not seem like it now, the analyst believes this holds long-term bullish implications for the meme coin.
Further analysis emphasizes that there are precedents for this narrative. There have been several situations where $DOGE has formed a similar divergence against other cryptocurrencies outside the first 10 market cap ranking in its history.
The first instance was between late 2018 and early 2022, when the token formed lower highs. During the same period, others formed higher lows. Notably, when the broader market turned bullish, Dogecoin bounced considerably to its current ATH of $0.74.
Similar instances happened in late 2021 and 2022, and in the current market. How past events unfolded continues to fuel Moe’s confidence as to how Dogecoin will react to this.
$DOGE Lags Explained
Responding to the post, analyst Namtoshi Dogemoto provided further context. He explained that the current downward-sloping lower high trend from Dogecoin does not tell the full story. While it might seem bearish on the surface, it is a bullish relative weakness.
$DOGE’s down-sloping trend looks bearish but it’s called a bullish relative weakness.
While the rest of alts hold an uptrend, dogecoin lags. That lag builds massive catch-up fuel.
In most altseasons, the ones with the down-slope often rip the hardest when money rotates. https://t.co/xcgeMXIq6w
— Namtoshi Dogemoto (@Namtoshi69) June 16, 2026
The rest of the altcoin market outside the top 10 cryptocurrency market cap ranking are sustaining an uptrend with their higher low formations, while $DOGE lags. According to the commentator, that is building massive catch-up fuel for an outsized gain when the market sentiment turns bullish.
Dogemoto added that during altseasons, coins that show relative weakness are the ones that “rip the hardest” when capital starts to rotate. The analysis suggests that Dogecoin could perform exceptionally well in the next bull season owing to this divergence.
The analysis continues to build on the growing conviction that Dogecoin will reverse its current price weakness and target higher prices. Analysts see Dogecoin already close to bottoming, projecting a rebound that could finally take the token past the $1 mark.
For this to happen, however, market conditions would have to improve considerably from the current state. Trading volume remains subdued, showing slow market participation, with derivative interest further dwindling. In the past 24 hours, a futures outflow of $547 million compared to the inflow of $530 million shows the skepticism among market traders.
