Key Takeaways

DOGE leads the high-risk, high-reward trade with 35% ROI, Open Interest at ATH, and a clean setup for a $0.30 breakout.

Dogecoin [DOGE] is finally flexing its meme strength against high-cap alts. Backing this shift is the DOGE/ETH ratio. It has risen 25% month-to-date off the 0.000049 support zone.

In fact, this marked the first retest of the 0.000060 resistance level since the Q1 breakdown.

So, what was the outcome? Well, DOGE has delivered a staggering 35% monthly ROI, compared with Ethereum’s [ETH] 6.18%.

That’s about 5× the gains, marking a level of outperformance not seen since the election rotation.

Echoes of election cycle

In fact, the DOGE/ETH ratio was bouncing off a similar support. 

Back during the election cycle, Dogecoin closed November with a 160.83% surge to a three-year high of $0.48, while Ethereum remained restrained at 48%, just as the DOGE/ETH ratio ripped 78% off 0.000047 support.

Why does this matter?

Because at press time, technicals were lining up, suggesting DOGE’s surge isn’t a fluke. Instead, capital had been rotating back into memecoins, with Dogecoin leading the pack and keeping altcoins sidelined.

Speculative flows enter a critical test zone

The memecoin market has been at a key inflection point. 

September’s upside has been carried by speculative flows, with nearly $20 billion pouring in and p

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Author: Ritika Gupta