Dogecoin Surges 12 Percent As Traders Call Altseason Start

Dogecoin gave traders a weekend surprise by shooting up by double digits to hit $0.094. The largest meme coin by market cap reached this two week high on Saturday evening, catching the market off guard after a slow start to the weekend.

Earlier in the week, prices had slipped following a strong United States jobs report that pushed risk assets down. Dogecoin briefly fell to around $0.083 before bouncing back strongly. Market analysts pointed out that the coin successfully turned an old resistance level into new support, setting the stage for the fast upward move.

Popular analysts now suggest this sudden strength could signal the arrival of a wider altcoin season. Watchers are keeping a close eye on the $0.088 support level. If the price holds above that mark, traders expect another push toward higher targets near $0.14.