Dogecoin News Today: Dogecoin Predicted to Surge 1,000% as Altcoin Season Looms

Dogecoin, a popular cryptocurrency, is currently experiencing a surge in bullish sentiment. Analyst Kev Capital has predicted that DOGE could see a significant price increase, potentially reaching a 1,000% surge, without relying on celebrity endorsements. Kev Capital attributes this potential rise to strong chart patterns and the building momentum of the altcoin season.

According to Kev Capital, the market is on the verge of a genuine altcoin season. This prediction is supported by the USDT dominance chart, which indicates that capital may be rotating back into higher-risk plays. Additionally, the Stochastic RSI has breached overbought conditions, suggesting that the ongoing uptrend may be about to reverse. The altcoin market cap chart "Totals 3" is also retesting a key resistance zone at $986 billion, further supporting the case for an altcoin season.

Kev Capital's bullish thesis for Dogecoin is based on a double bottom formation on the 2-week chart, which is aligned with the 2024–25 uptrend and sits directly atop a multi-year downtrend line. From this setup, Kev Capital has outlined several breakout objectives, including the local range high at $0.21, the 2024 pivot at $0.48, and the previous all-time high near $0.74. Further targets include $1.32 and a potential 10x to $2.00, though Kev Capital cautions that distant projections hold less weight.

On lower time frames, Dogecoin is showing signs of an imminent breakout with an 8-week cup-and-handle pattern forming on the 4-hour chart. Price action is approaching a breakout above the descending channel forming the handle, underpinned by growing bullish momentum. The RSI confirms strength, rising deeper into bullish territory at 58, and the MACD line is nearing a golden cross above the signal line, suggesting that a near-term uptrend may be taking root. If the breakout plays out, the cup-and-handle pattern projects a potential 36% move higher to reclaim $0.278—the first step to pushing towards Kev Capital's higher targets.

However, the immediate challenge remains the $0.21 local high cited by Kev Capital. A clean break above this level is critical to confirm a full breakout from the pattern. Despite the potential for a significant price increase, Dogecoin may not see the biggest altseason run. The cryptocurrency has been in the background for months as traders chased fresher narratives. Mission coins, which are fueled purely by a devoted community, stand to capitalize on this momentum more than Dogecoin.

TOKEN6900 is an example of a mission coin that has gained traction recently. It offers no promises or utility, but its community is growing rapidly, raising nearly $600,000 in the first weeks of its presale. The community is rewarded by a high APY on staking, currently at 98%. This highlights the potential for mission coins to capitalize on the altcoin season more than established cryptocurrencies like Dogecoin.