The founder of DOGE reveals the ultimate altcoin seasonal signal: the real beginning is when DOGE reaches the peak!

The founder of DOGE, Billy Markus (also known as Shibetoshi Nakamoto), recently shared a viewpoint on social media that has sparked heated discussions in the encryption community— the true altcoin season will officially start once DOGE skyrockets to its peak. He bluntly stated that when DOGE reaches a historical high, “it means the market has gone completely crazy,” and this would be the ultimate signal for the comprehensive explosion of alts.

DOGE Soaring = Is the altcoin season starting?

Markus expressed to 2.2 million fans on X that the long-awaited alts season in the market has not yet arrived, but the trend of DOGE can serve as an important indicator.

He said: “The altcoin season officially starts when DOGE reaches its peak, because that’s when we know everyone has lost their minds.”

Although this statement carries a humorous and sarcastic meaning, the reaction from the encryption community is polarized, with some asking him if he will buy DOGE, and others curious if he still holds the coin.

Why is DOGE’s performance so critical?

Market observers point out that although the altcoin season will not rely on a single coin, leading meme coins like DOGE often need to outperform Bitcoin (BTC) in terms of gains to drive collective enthusiasm in the entire altcoin sector.

Historical experience: In past cycles of altcoin seasons, DOGE has often led the way in the early stages.

Market psychology: The surge of DOGE often symbolizes that speculative sentiment has reached its peak, and funds are more willing to flow into high-risk assets.

Technical Analysis: DOGE Approaching Key Breakthrough Level

(Source: Trading View)

Crypto analyst Ali Charts pointed out through the Binance DOGE/USDT 4-hour chart that DOGE is forming a symmetrical triangle pattern:

Support level: $0.2110

Resistance level: 0.22965 USD

Target breakout: If it successfully breaks through the 0.22 USD barrier, it is expected to challenge higher price levels in the short term.

As of August 29, DOGE is priced at $0.2196, up 1.54% in the last 24 hours. Analysts believe that if it can break through the key range mentioned above, DOGE will have the opportunity to retest the historical high of $0.7375.

Potential Scenarios for the Altcoin Season

If Markus’s “DOGE Peak Theory” comes true, the following market trends may occur:

DOGE leads the rise → attracting speculative funds to flow into other meme coins

Capital rotation → Small and medium market cap altcoins usher in an explosion

Market Frenzy → Overall trading volume and increase of alts reach new highs

However, investors must also be wary of the pullback risks brought by high volatility, especially during times of excessive emotion.

Conclusion

The “altcoin season signal theory” of the founder of DOGE, although humorous in nature, points out a reality of the market — when high-speculative assets like DOGE reach their peak, it often means that the altcoin market is about to explode in a frenzy. For traders, every subsequent breakthrough of DOGE may not just be about the performance of a single coin, but rather the prelude to an entire altcoin season.