The digital asset market wakes up this February 23, 2026, with an unusual signal: Dogecoin has begun to show early signs of outperformance against Bitcoin. While the leading cryptocurrency recorded a 2.13% decline, settling in the $65,828 range, Dogecoin managed to distance itself with a modest but significant gain of 0.52%. This divergence phenomenon suggests a shift in the institutional capital flow toward higher-risk assets lately.
Any analytical company specializing in technical trends is closely watching the DOGE/BTC weekly chart, where a trend reversal setup is brewing. The Relative Strength Index (RSI), an indicator that measures the speed and change of price movements, has started to rise despite the prolonged downtrend. This behavior, known as bullish divergence, often precedes explosive price moves when confirmed on higher timeframes such as the weekly chart.
RSI analysis and capital rotation toward memecoins
The descending structure that has dominated Dogecoin against Bitcoin for months seems to be reaching a point of structural exhaustion. The fact that the RSI is pressing against a descending resistance line indicates that selling pressure is decreasing drastically. Since the weekly close is approaching, traders are looking for confirmation that validates this momentum shift toward the most popular meme blockchain.
Open interest in derivative markets also reflects preparation for volatility. According to global trading volume reports, risk appetite is mutating toward speculative assets when the market’s primary asset enters phases of consolidation or mild correction. This rotation is cyclically common, as investors seek to maximize returns in assets with lower market capitalization once Bitcoin stabilizes its price.
Despite the technical euphoria, the success of this breakout depends intrinsically on the stability of the macroeconomic environment. If Bitcoin deepens its fall below key supports, Dogecoin is likely to lose its recent gains, as “risk-off” sentiment usually punishes memecoins first. Therefore, it is imperative to monitor inflation indicators and monetary policy decisions that dictate available liquidity in international financial markets.
Is Dogecoin’s decoupling from Bitcoin’s trend sustainable?
In terms of price levels, Dogecoin is currently trading at $0.09606, having erased losses recorded during the previous day. Critical support lies in the $0.085 zone, while the immediate resistance it must overcome to confirm the cycle change is at $0.11. If the DOGE/BTC pair manages to close the week above its moving average, we would be facing the beginning of a new expansion phase.
The historical relationship between these two assets shows that Dogecoin often acts as a leading indicator of retail sentiment. When capital flows into this asset, it is usually a sign that liquidity is looking for outlets outside the sector’s traditional havens. However, analysis of Ethereum and other large-cap assets suggests that there is still a widespread caution that could hold back a parabolic rally in the short term.
What to watch: The weekly candle close will be the definitive catalyst to determine the Dogecoin price this week. If the RSI successfully breaks the descending resistance on the seven-day chart, the probability of a move toward $0.15 increases considerably. Conversely, a rejection at these levels would confirm that the current divergence was simply a liquidity trap before continuing the structural downtrend of the crypto market.
