 
 
The man behind the leading memecoin Dogecoin (DOGE) has made a big revelation about the highly anticipated altcoin season. According to his assertions, the altcoin rally—occurring annually as Bitcoin’s dominance shrinks—is contingent upon DOGE outperforming.
In a post shared on X, Billy Markus, the creator of the most valuable memecoin by market cap, made a bullish declaration to his 2.2 million X followers.
The Doge founder and proponent who goes by the name Shibetoshi Nakamoto on X, disclosed that the long-awaited altcoin season is yet to kick off.
However, the market can look to DOGE’s movement, particularly a surge to a new all-time high, as a signal validating the arrival of altcoin season, he remarked.
In the words of the Dogecoin proponent;
 
“Altcoin season hasn’t officially started until dogecoin reaches its ath cuz then we know everyone has lost their minds.”
Whether or not the crypto founder’s assertions are sarcastic remains unknown, although his post has elicited different reactions across X users in the crypto community, with one user asking, “Billy, are you buying?”, while another user quizzed, “Are you still holding dogecoin?”
While it is worth noting that altcoin season does not depend on the bullish performance of a single altcoin to take off, leading altcoins like DOGECOIN must outperform Bitcoin in the majority to establish the strength of the collective dominance of altcoins.
Meanwhile, market analyst Ali Charts is shedding light on the current state of the Dogecoin market, with technical chart data revealing Doge’s potential future price.
As shown in the technical chart displaying DOGE/USDT 4-hour perpetual contract on Binance exchange, in which the analyst drew up a symmetrical triangle pattern characterized by two converging trendlines with similar slopes that meet at an apex, DOGE is poised to break above the $0.22 mark.
According to the analyst, the memecoin leader is one price dip away from breaking out of $0.2110 support and the $0.22965 resistance area.
As of the time of this report, DOGE is up 1.54% over the last 24 hours and is currently trading at $0.2196. The memecoin must surmount key hurdles ahead to retest its previous all-time high of $0.7375.
Source: https://zycrypto.com/dogecoin-creator-reveals-ultimate-altcoin-season-signal/