Look, after a while with the price down and not making much noise, Dogecoin is waking up. Experts are keeping a close eye because the DOGE/BTC pair (that is, Doge compared to Bitcoin) made a key move that, according to those who know, could be the start of a party.
It turns out that DOGE had fallen below a super important level, in what analysts call a "liquidity hunt." Imagine the price drops just to scare people and make them sell, and once the "weak hands" get rid of their coins, boom!, the price recovers stronger than ever. And that's exactly what happened. 🚀
Now, analysts like Trader Tardigrade are seeing a possible upward path, with a price that could reach 516 "sats" (a fraction of Bitcoin), which translates to about $0.576. That's more than a 300% increase! 🤯
This leads us to a question that everyone is asking in the crypto world: is "Altseason" coming? 🌈 This is a magical season where altcoins (all cryptocurrencies that are not Bitcoin) explode and rise like a rocket, outperforming BTC itself. Dogecoin's movement could be the first sign that this season is just around the corner.
Of course, not everything is rosy. Other experts like Ali Martinez see a possible short-term pullback before things get good, but in the long run, most agree on one thing: the story of Dogecoin could be about to repeat its feats from 2014, 2017, and 2021, where after a similar accumulation phase, the price skyrocketed.
The point is that it's not just about the fluctuation of one day, but about the structure of the market and the technical signals that are being sent. So, while the market awaits confirmation, the question remains: will Dogecoin be the leader of the next altcoin bull run?
