Key Takeaways:
Dogecoin (DOGE) faced significant selling pressure on April 12, 2026, as its trading pair against Bitcoin (DOGE/BTC) broke down to a 68-day low, signaling a bearish shift in momentum.
Data from CoinGecko shows the DOGE/BTC pair hitting its lowest point in over two months on April 12.
The plunge to the 68-day low indicates that Dogecoin is losing value at a faster rate than Bitcoin, a trend often watched by traders to gauge sentiment in the altcoin market. This could lead to further capital rotation out of DOGE and into BTC, which is often seen as a safer haven within the crypto space. The move has erased gains from the past two months.
The key level to watch now is whether this breakdown confirms a new, lower trading range for the DOGE/BTC pair. A sustained period below this 68-day low could weaken sentiment across the entire memecoin sector, potentially impacting other tokens like Shiba Inu (SHIB) and Pepe (PEPE) as traders de-risk their portfolios.
This article is for informational purposes only and does not constitute investment advice.
