Dogecoin has caught everyone's attention again. The technicals for Dogecoin against Bitcoin had already indicated it might strengthen again. Earlier this year, DOGE/BTC experienced a liquidity shock, first dropping sharply and then recovering its lost ground, potentially setting the stage for the next significant rebound.
Dogecoin has a considerable upside potential; it has broken through the previous sell-side liquidity zone on the weekly chart, which was between 140-160 Satoshis and had been a key support for the past few months.
By July 2025, the price had once fallen below this range, triggering many stop-losses, which is known as 'liquidity hunting', but the price quickly reversed thereafter.
This rebound has given everyone more confidence that Dogecoin will soon challenge higher levels, with a target of approximately 0.00000516 BTC, which is about 516 Satoshis.
Based on the current Bitcoin price, if Dogecoin can indeed reach 516 Satoshis, it would be approximately $0.576, which is over 300% higher than the previous low during the liquidity sweep. Before hitting this ultimate target, there are two key positions in between: 280 Satoshis (approximately $0.31) and 360 Satoshis (approximately $0.40).
This wave of expectation coincides with the growing discussion around the 'altcoin season' in the market. Historically, after Bitcoin consolidates, altcoins tend to perform even stronger than Bitcoin. The movement of Dogecoin is likely to align with this rhythm, potentially driving a larger market trend.
The recent rebound of DOGE is significant, as it had been suppressed for several weeks. The current price is around $0.21, down 4.41% over the past day and down 7% for the month. However, these short-term pullbacks are not critical; the underlying structural factors ultimately determine the trend.
The 4-hour chart is currently forming a symmetrical triangle, and a breakout is expected. The price may first retest $0.22. If this pattern continues, the short-term target levels will be at $0.26, $0.28, and $0.31.
The current trend resembles the cycles of Dogecoin in 2014, 2017, and 2021. Before each major surge, there is a similar accumulation phase. Dogecoin could potentially triple from its current position, or even push up to the historical high of $0.7396.
Currently, the market is waiting for confirmation signals. If the breakout power is strong enough and the altcoin season returns, Dogecoin is likely to become the market's main character again. Whether it will surge directly or progress in segments, the story of this meme coin is clearly not over.
