When the 'market clown' transforms into the 'leading pioneer,' are you still watching? Every explosive move of DOGE ignites a wave of emotions across the entire market. Is this the real signal for the 'altcoin feast' to begin?
In mid-May, Dogecoin (DOGE) once again swept the market with its signature dramatic flair. After a long period of silence, it suddenly launched a fierce offensive—breaking through key resistance levels with a price increase of up to 46%. This is not only a price surge but also a frenzy of confidence and capital. As its total market cap ranking rapidly rises, DOGE seems to declare to the entire market: 'I am back, and I want to take you all with me.'
1. Capital frenzy, technical indicators fully turning strong: DOGE is taking off!
From a technical chart perspective, DOGE's recent trend can almost be described as a 'textbook' reversal pattern. The price had been consolidating around $0.169 for several weeks, forming a clear bottom structure. This breakthrough not only effectively broke through the 78.6% Fibonacci retracement level but also completed a structural reversal after standing firmly above the key support-turned-resistance line.
Capital flows also confirm this. The Chaikin Money Flow (CMF) indicator has soared to +0.18, indicating that a large amount of new capital and institutional funds are flooding into the market. This is not a short-term trading behavior of small retail investors, but rather a planned accumulation by institutions and whales. Meanwhile, DOGE has also strongly broken through the strongest support zone in two weeks, and the overall market trend is beginning to shift in a positive direction.
2. Price expectations rising, analysts boldly calling for a target of $0.45!
With DOGE's strong performance, several analysts have adjusted their price expectations. If the current upward trend continues, DOGE's price may hit the $0.45 to $0.50 range in the coming weeks, nearly doubling!
However, in the short term, the **Money Flow Index (MFI)** has shown slight divergence signals, suggesting the market may face a technical pullback. It's worth noting that the MFI has dropped to the neutral zone, which instead creates 'energy accumulation space' for the next wave of upward movement. $0.222 is seen as a key support zone; if the price pulls back to this level, it could present an opportunity window for the main players to 're-enter.'
3. The liquidation chart reveals the dire state of shorts, and the long-short game is about to escalate.
From the on-chain derivatives market perspective, DOGE's skyrocketing has triggered massive liquidations for shorts, with the market leaning towards a bullish dominance in the short term. According to the liquidation heatmap analysis, $0.238 and $0.225 are the main battlegrounds for the current long-short showdown. The range between $0.216 and $0.225 is viewed as a risk 'liquidity black hole'; once this area is reached, it could trigger violent fluctuations or a pump-and-dump scenario.
This means that while prices are expected to rise further, one must also be wary of potential washouts by major players or sudden fluctuations. Therefore, using tools like the liquidation intensity tracking and volatility warning systems on platforms like [Mlion.ai] can help investors capture key changes in the market in real-time, avoiding blind chasing of spikes.
4. Weekly breakout confirmation, large-cap altcoins fully activated.
From a weekly perspective, DOGE has completed the breakout of a long-term downward channel and entered a zone of concentrated trading at previous highs. Historical experience shows that whenever DOGE strengthens, other altcoin sectors often experience a resonant rise.
More importantly, the Total2 (total market cap of altcoins) indicator is also rapidly rebounding, targeting the range of $1.7 trillion to $1.9 trillion. This area was the peak structure of the 2021 bull market; if successfully broken, it will indicate a return to the main upward trend for the altcoin sector.
Current 'potential relay tokens' worth noting include:
Ethereum (ETH): Market cap leader, core asset of the altcoin season, highly correlated with DOGE;
Solana (SOL): Ecosystem explosion, high developer activity, multiple projects launching to boost growth;
Fantom (FTM) and Avalanche (AVAX): Well-developed infrastructure, potential for the next round of Layer 1 narrative explosion;
Popular Meme coins & AI tokens (like PEPE, BRETT, FET, etc.): Active communities, strong sentiment-driven actions, suitable for short-term high volatility operations.
Through the capital rotation map and sector heat monitoring system provided by [Mlion.ai], users can capture capital migration in the altcoin sector in real-time, prioritizing the discovery of potential tokens showing early signs of explosion.
5. Will the trend continue? Looking back at history, DOGE has never performed a 'one-man show.'
Historical experience shows that every market trend ignited by DOGE has never been a 'one-man show' but rather a coordinated resonance of the entire market.
In the first half of 2021, DOGE skyrocketed from $0.01 to $0.74, directly driving a batch of small-cap Meme coins to a hundredfold increase.
During the 2017 bull market, the unusual movement of DOGE became a preheating signal for the Altcoin frenzy.
Now, the 'script' for the new cycle starting in 2025 is gradually being fulfilled, and DOGE's proactive charge may signal that a brand new window of wealth is opening.
Conclusion: The horn for the altcoin season has sounded, but are you ready?
DOGE's recent surge is not only a price event but also a release of emotional and capital expectations. From structural breakthroughs to on-chain data support, DOGE has completed its transformation from an 'edge currency' to a 'market catalyst.'
The key is whether you have enough data and analytical ability to discern what the next rotation target is.
Using professional platforms like [Mlion.ai] can help you interpret the true flows behind Meme market trends, capture early signals of potential 100X projects, and build a more logical and high-probability investment decision-making system.
Disclaimer: The above content is for informational sharing only and does not constitute any investment advice. Cryptographic assets are highly volatile; please invest cautiously.