Crypto analyst Joao Wedson has spotlighted DOGE as a top contender for a potential rally, citing four key market signals:
🔹 $380M in Trapped Liquidity
Wedson noted that during DOGE’s last major drop, ~$380M was locked at the $0.50 level—a zone that previously preceded strong upward momentum after extended accumulation.
🔹 DOGE vs BTC Near Key Support
DOGE/BTC is nearing a critical support level not seen since just before the 2021 bull run—suggesting DOGE could start outpacing BTC in attention and price action.
🔹 Memecoin Index Shows First Recovery Signs
Tracking 16 major memecoins, the Memecoin Index is finally turning green after a prolonged decline—hinting at renewed strength across the sector.
🔹 Market Cap High, But Volume Still Lagging
Despite the memecoin market cap being larger than in 2021, Wedson highlights that Open Interest ($3.2B) and daily volume ($12B) remain relatively low—leaving room for upside.
📈 Will history repeat for DOGE?
