Dogecoin's recent recovery from its multi-month decline has reignited the myth that it has historically been a trustworthy early predictor of altseason.
In line with its 2024 spike, DOGE's price is breaking resistance within a rising wedge, and the chart index has a similar pattern.
In the event that DOGE's advance continues, risk appetite may spread to mid- and low-cap stocks, igniting further altcoin momentum.