Analysts suggest that Dogecoin may significantly outperform Bitcoin in the upcoming altseason based on growing interest and positive technical indicators.
Potential for Dogecoin's Growth
Dogecoin (DOGE) may emerge as one of the most talked-about altcoins, with analysts predicting a potential 90% profit in the coming months. In recent weeks, DOGE has shown signs of growth, reaching a technical breakout level, which could indicate the start of a new rally.
Expert Opinions
Analyst Altcoin Sherpa noted that DOGE has been "quietly coiling" on the charts, forming a pattern similar to its 2021 breakout. He suggested that a breakout above key resistance levels could lead to a parabolic run during a full altseason. Another expert, EGRAG Crypto, pointed to historical data showing that DOGE's movements often follow Bitcoin rallies.
Implications for Investors
If DOGE indeed manages to outperform Bitcoin by a factor of 5, it would rank as one of the most profitable asset plays in the current market cycle. Currently, Bitcoin has risen around 30% over the past three months — continuing this trend could see Dogecoin achieve over 90% returns in a similar timeframe. Traders are also closely monitoring DOGE's technical indicators, which recently broke out of a descending triangle backed by increasing volume.
The outlook is optimistic: Dogecoin could become a frontrunner of the altseason, particularly amid favorable news and growing market trends.
