Has the Altcoin Season Begun? A Look at $DOGE and $PEPE
Here’s the explanation:
In the past few days, we have witnessed a strong upward movement in some altcoins, led by $DOGE which increased by more than 25% in a single day, supported by strong trading momentum and engagement from the cryptocurrency community. Also, $PEPE continues to attract traders' interest after breaking through strong resistances.
What is interesting is that these movements come with $BTC stabilizing above $60,000, which could indicate the beginning of "Altseason" where altcoins start to outperform Bitcoin in terms of performance.
Technically, $DOGE has firmly broken through the resistance at $0.25, and if confirmed as support, we might see a surge towards levels of $0.30 and $0.35. As for $PEPE , it could enter a price acceleration phase if it maintains support at $0.0000080.
Do you think this rise will continue? Which coins are you currently following? Share your opinion in the comments!
