The Dogecoin price chart versus Bitcoin just hit its lowest point in over a year, but for some, this drop is just the calm before the storm, with the popular technical indicator, Bollinger Bands, signaling a possible turning point. 

In this setup, the DOGE/BTC pair is pretty much at the bottom of its monthly range right now, which according to chart history is a sign that the trend is about to change once the market starts looking beyond Bitcoin.

On the monthly Bollinger Bands, Dogecoin, which trades for about 0.00000086 BTC, is right near the lower band, while the midline sits at 0.00000226 BTC and the top band stretches to 0.00000367 BTC.

Should the price action follow the same patterns as before and soar to the upper band, there could be a move of over 140%. The market has not seen these levels since late 2022, which, coincidentally, was also the last time DOGE recovered from similar conditions.

What is forming now on the chart looks a lot like what happened in the second half of 2022: long periods of decline followed by tightening ranges and eventual spikes. Back then, DOGE rallied nearly 180% in four months.

The pattern does not rely on news or hype but rather on how the market behaves when things get too quiet for too long. The Bollinger Bands are designed to identify these kinds of overbought/oversold situations, and right now, they seem to be signaling just that.

To confirm a reversal, traders would likely want to see a clean close back above the lower band, ideally followed by some recovery toward key zones like 0.0000015 BTC. If that happens sometime in July, it could mean that DOGE’s downtrend is losing steam.

Even more importantly, it could show that some altcoins might be getting ready to outpace Bitcoin heading into Q3.