Dogecoin Price Eyes 3x Rally vs BTC as Altseason Builds

Dogecoin Price Targets 3x Rally vs Bitcoin in Altseason

Dogecoin price has held firm against Bitcoin in recent weeks, raising expectations of major gains during the next altseason. Market analysts indicate that DOGE may perform better than BTC by up to 3x because of the market dynamics changing. This sentiment is reinforced by the falling dominance of Bitcoin that is usually a precursor to significant upswings in other cryptocurrencies.

Doge/BTC ICT Analysis : Source : X

The DOGE/BTC pair has just finished a liquidity hunt, falling to a critical support area before reversing sharply. This rebound above previous sell-side liquidity indicates the strength of Dogecoin relative to Bitcoin. Chart structures indicate that holding this level could enable Dogecoin price to target a long-term move toward 0.00000516 BTC.

Such a shift would imply a 315% increase from recent lows, aligning with the broader forecasts for alt season. Analysts emphasize that the rebound in DOGE’s pairing strengthens confidence in its ability to capture upside momentum. This development positions Dogecoin as one of the more promising assets if altcoin rotation intensifies.

Dogecoin price Technical Indicators Show Constructive Weekly Structure

The weekly chart of the meme coin price also shows a bullish picture, as there is a series of higher highs and higher lows. Analysts recognize this as a typical bullish pattern, implying that there is a gradual increase in momentum even though the price is not doing very well in the short term. 

The price is now contained within the Tenkan and Kijun levels below and the Ichimoku cloud above, acting as resistance. DOGE trades closer to the lower bound of this range, providing a defined risk-reward opportunity for traders. Continued support at these levels may sustain the bullish bias and enhance the possibility of breaking resistance.

Dogecoin Ichimoku Cloud Analysis : Source : X

Resistance is at $0.28-0.30 area, where the Ichimoku cloud limits the further upside. Analysts believe that a clean breakout above this region has the potential to unleash large gains. Until then, the constructive structure provides cautious optimism to traders following the medium-term trend.

Derivatives Market Data Highlights Rising Volatility

Dogecoin derivatives activity surged as trading volume jumped 153.96% to $9.41 billion. Options open interest increased by 23.19% to $3.70 million, and the options volume increased by 18.49% to $757,630. This indicates increased speculative activity amidst increased turbulence in the market as a whole

Meanwhile, futures open interest dropped 4% to $3.45 billion, which indicates that some leveraged bets were unwound. The liquidations were prevalent, with the past 24 hours clearing up to $18.89 million. The long traders took up most of the hit, as they suffered a loss of $14.12 million, whereas shorts suffered a loss of $4.77 million.

The volatility is also reflected in the spot market performance, as the meme coin price is currently trading at $0.2193. It fell 0.32% over the last hour and 4.75% over the last day. The 1.25% decline in the week indicates that pressure is still present despite the visible inflows in the derivatives markets.

This combination highlights a market where bullish enthusiasm clashes with corrective forces. Increased leverage magnifies risk, as liquidations demonstrate the difficulty of sustaining aggressive long positions. For now, the meme coin remains caught between speculative interest and the need for stronger spot demand.