DOGE has begun a bullish push as it enters the second week of this volatile month. Can it be the key to the next altcoin season?
bearish onset in September, preventing it from testing the $0.12 ceiling. At press time, DOGE was priced at $0.103.
Therefore, with Bitcoin longs re-establishing their dominance, the potential for an altcoin season could suggest that DOGE might lead the charge – an idea worth exploring.When 75% of the top 50 coins outperform Bitcoin over the last 90 days, it indicates an altcoin season.revealed that over the past three months, only 15% of 61 altcoins outperformed Bitcoin. However, in the past 30 days, this figure jumped to 72%.outperforming Bitcoin, reinforcing AMBCrypto’s initial speculation.
Unlike the mid-May rally that pushed DOGE near the $0.17 range, driven by high trading volume in both spot and perpetual markets, volume has since underperformed. Does this suggest Dogecoin is mirroring Bitcoin’s market moves, signaling caution before a price reversal?Surprisingly, despite three consecutive green candles on Dogecoin’s daily price chart, the positive net flow peaked on the 9th of September, signaling significant inflows.This could suggest a day trading strategy of aggressive profit-taking before momentum shifts.
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