As the altcoin revival continues, one familiar memecoin has quickly risen to the forefront. Dogecoin [DOGE] is up over 12% in the past 24 hours, outpacing not just its peers, but even Bitcoin in key on-chain metrics.

Source: CoinMarketCap

Transaction volume and active addresses have spiked to multi-month highs, suggesting that DOGE’s resurgence is more than just a meme-fueled short-term bounce.

Indeed, with momentum and retail interest returning to the broader crypto market, fans are beginning to float the possibility of a new all-time high for the memecoin.

Dogecoin leaves BTC in the dust!

Dogecoin has emerged as the surprise standout of this early altseason rally, notching a dramatic lead over Bitcoin in both transactional activity and network engagement.

Source: Santiment

According to Santiment data, DOGE experienced a 41.12% surge in large transaction volume and a 34.91% jump in daily active addresses. In contrast, Bitcoin saw double-digit declines in both metrics.

Large transaction volume is an indicator of whale and institutional activity, while active addresses denote the number of unique crypto wallets engaging in any on-chain activity.

Both saw a downturn for BTC, suggesting reduced engagement from these user groups.

However, with retail and whale wallets alike now returning to the blockchain after a period of inactivity, the memecoin’s momentum is breaking away from the pack.

Dogecoin: A pattern worth barking about

The rounded bottom suggests a prolonged accumulation phase, with DOGE fans now floating the possibility of DOGE reclaiming — and even surpassing — its 2021 peak.

Source: X

The pattern implies a bullish continuation, especially if DOGE manages to break clear of the $0.20-$0.25 resistance range.

If momentum holds and broader altseason tailwinds persist, the road to $0.74 — or even $1 — is no longer a meme-fueled fantasy, but a technically grounded forecast.

Short-term momentum flares up

The daily chart adds fuel to the rally narrative, showing a bullish MACD crossover alongside a rising RSI now above 60. The sharp uptick in volume and strong green candle close at $0.181 suggest renewed buying pressure.

Source: TradingView

If DOGE breaks above the immediate resistance near $0.185, short-term traders may target the psychological $0.20 mark next.