- Dogecoin has surged 12%, outperforming Bitcoin in both price and on-chain activity, with large transactions and daily active addresses spiking significantly.
- Bullish technical patterns and rising momentum suggest a potential breakout toward its all-time high and possibly the $1 mark.
Dogecoin Roars Ahead as Altcoin Season Heats Up
Dogecoin (DOGE) is once again barking the loudest, surging 12% in just 24 hours and leaving Bitcoin trailing in both price and on-chain metrics. As the altcoin rally begins to gain traction, Dogecoin has positioned itself as the standout performer, fueled by a major uptick in retail and whale activity.
According to data from Santiment, DOGE’s large transaction volume jumped by a staggering 41.12%, while daily active addresses surged 34.91% — in sharp contrast to Bitcoin’s double-digit declines in the same metrics. With these indicators pointing to renewed network engagement, Dogecoin’s climb may be more than just a meme-driven moment.
Technicals Signal a Breakout: Cup Formation Hints at New ATH
Zooming out, Dogecoin’s weekly chart reveals a textbook cup pattern — a classic technical signal of a potential breakout. This rounded formation typically follows a period of steady accumulation, and DOGE appears to be nearing its neckline resistance between $0.20 and $0.25.
If Dogecoin clears this zone, momentum could carry it back toward its 2021 all-time high of $0.74. And with market enthusiasm growing, the long-teased $1 milestone is no longer a fantasy — it’s becoming a technically-supported target.
Indicators Flash Green: Can DOGE Maintain the Momentum?
On the daily chart, Dogecoin’s bullish narrative is gaining even more traction. A fresh MACD crossover combined with a Relative Strength Index (RSI) above 60 signals strong upside momentum. A solid green candle close at $0.181 — backed by rising volume — further suggests that buyers are stepping in with conviction.
The next key level to watch? $0.185. If DOGE breaks through this short-term resistance, the road to $0.20 could be quick — and beyond that, the $1 conversation could truly heat up.
Dogecoin is no stranger to surprising rallies, and this time, the numbers — not just the memes — are on its side.
