Bitcoin may be showing signs of weakness as trader attention shifts toward high‑beta meme coins, putting fresh focus on a bullish Dogecoin price prediction.

With risk appetite returning in 2026, many investors are rotating capital out of traditional stores of value like BTC and toward meme coin plays like Dogecoin.

Popular X analyst Cantonese Cat highlights a potential breakdown forming on the BTC/DOGE chart, a setup that could further fuel bullish sentiment for DOGE if it plays out.

#Bitcoin / #Dogecoin (BTC/DOGE)
Ascending channel that’s not able to break its primary trend, so the next big move favors downwards, which would mean outperformance of $DOGE. pic.twitter.com/tUQfQk863M

— Cantonese Cat (@cantonmeow) January 18, 2026

Multiple failed breakout attempts indicate that Bitcoin may be losing relative strength to Dogecoin. With the current test shaping up as another rejection, the breakdown scenario is in focus.

The current retest of the upper boundary of this ascending channel is shaping up as a rejection, putting the breakdown scenario in focus.

Dogecoin could be on track to flip Bitcoin for the fourth time in recent history, with the last being in the mid-2021, late 2022, and late 2024 bull markets.

Dogecoin Price Prediction: How DOGE Outperformance Could Unfold

A significant increase in the Doge spot price could be the driver of a BTC/DOGE breakdown, as the formation of a double bottom stands to fuel a year-long falling wedge pattern breakout.

With a second bottom forming along the $0.115 support, a sharp rebound above the reversal structure’s neckline at $0.15 could put the key $0.28 wedge breakout threshold under test.

Momentum indicators favour a bullish shift. The RSI nears oversold conditions in the 30s, meaning sell pressure may soon be exhausted.

The MACD reads similarly, verging on a potential golden cross above the signal line, suggesting the early onset of a fresh uptrend.

If $0.28 flips to support, a confirmed wedge breakout eyes a 550% push into new price discovery, targeting $0.80.

Bitcoin Hyper: Bitcoin Can’t Be Ruled Out Just Yet

Those betting on coins like Dogecoin as their bull market play of choice may soon need to reconsider, as the Bitcoin ecosystem finally tackles its biggest limitation: scalability.

Bitcoin Hyper ($HYPER) is bridging Bitcoin’s security with Solana tech, creating a new Layer-2 network that unlocks scalable, efficient use cases Bitcoin couldn’t support on its own.

It opens the door for Bitcoin to play a larger role in top-performing narratives like DeFi and real-world assets – where speed and efficiency matter most.

The project has already raised almost $31 million in its ongoing presale, and post-launch, even a small fraction of Bitcoin’s massive trading volume could send its valuation significantly higher.

Bitcoin Hyper is fixing the slow transactions, high fees, and limited programmability that have long capped Bitcoin’s potential – just as the market turns bullish.

Visit the Official Bitcoin Hyper Website Here

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