Dogecoin has once again become the focus of attention, as its key technical movements against Bitcoin suggest a resurgence. Earlier this year, the DOGE/BTC trading pair experienced a liquidity shock, breaking free from weakness and subsequently recovering lost ground. Analysts now believe this rebound could lay the groundwork for a strong rally.
Analysts believe Dogecoin (DOGE) has significant upside potential.
Analysts indicate that Dogecoin has broken through the previous seller liquidity zone on the weekly chart. This level lies between 140 and 160 Satoshis, having been a key support level for months.
By July 2025, the pair broke below this area, leading to what is known as a 'liquidity hunt,' where price drops trigger stop-loss orders, followed by a reversal upward.
Trader Tardigrade states that this rebound has heightened optimism about Dogecoin potentially breaking through higher levels soon. Tardigrade's charts suggest that Dogecoin could climb to 0.00000516 BTC, approximately 516 Satoshis.
Based on the current Bitcoin price, this equates to approximately $0.576, over 300% higher than the liquidity sweep low. Intermediate checkpoints are at 280 Satoshis ($0.31) and 360 Satoshis ($0.40) before reaching the ultimate target.
The altcoin season is back in hot discussion.
This outlook comes as discussions about altcoin season are heating up. Historically, altcoins tend to outperform Bitcoin after leading cryptocurrencies consolidate.
Tardigrade believes Dogecoin's movements may align with this pattern, potentially triggering broader market activity.
The recent rebound of DOGE is significant, as the coin has been under pressure for weeks. The current price is close to $0.21, having dropped 4.41% in the last day and 7% this month. Despite the short-term decline, technical analysts believe structural factors are more important than daily fluctuations.
Opinions from other experts.
Ali Martinez has a different perspective on the short-term trend. He points out that a symmetrical triangle is forming on the 4-hour chart, and the pair is expected to retrace again to $0.22 before breaking out. If this pattern holds, his short-term target prices include $0.26, $0.28, and $0.31.
Other experts are optimistic about the longer-term future, comparing the current trend to the Dogecoin cycles of 2014, 2017, and 2021. Each major surge experienced a similar accumulation phase. They believe Dogecoin's price could rise over three times from current levels, potentially exceeding the historical high of $0.7396.
The market is currently waiting for confirmation. If breakout signals strengthen, the return of altcoin season could see Dogecoin become one of the biggest market movers again. Whether it's a one-time surge or a phased increase, analysts agree that the story of this meme coin is not over yet.
