TL;DR

• The meme coin mania seems to have faded despite a few brief moments of hope, and the niche’s leader has failed to recapture its momentum and investors’ attention.
• However, there’s a chance for a massive double-digit surge, but only under certain conditions, according to popular crypto analyst Ali Martinez.

If Dogecoin $DOGE can reclaim $0.17 — and with the TD Sequential buy signal now present on the 3-day chart — it could unlock a rebound toward $0.21. pic.twitter.com/BkVgxNdihW

— Ali (@ali_charts) June 28, 2025

To embark on its 30% journey north, the largest meme coin by market cap first needs to reclaim the $0.17 resistance. This doesn’t sound like such a major hurdle, given its current price tag of $0.164.

The second part of the equation involves the TD Sequential, which is a metric often used to determine the underlying asset’s market exhaustion in either direction.

The indicator has presented a buy signal on DOGE’s 3-Day chart. Consequently, Martinez concluded that both of these factors could result in a price pump to $0.21.

This would be a breath of fresh air for Dogecoin, which has struggled quite a lot since early 2025. In the past month alone, its price has tumbled by over 21%.

Despite this rather unfavorable market movement lately, some industry participants have remained highly bullish on DOGE’s future price trajectory. JAVON MARKS, known for his bullish statements on several crypto assets, believes the OG meme coin still has a chance to post a mind-blowing surge that can take it to the stratosphere, based on historic performance.

All we’re saying is that if $DOGE continues to follow its trend as it did consecutively in the past two cycles with its runs growing in size, then we are looking at Dogecoin’s prices doing a more than 120X from here into the $20 levels.

Take a look… pic.twitter.com/OkxGfzUeBp

— JAVON⚡️MARKS (@JavonTM1) June 26, 2025

Such a price tag sounds just a bit far-fetched at the moment. History is no indication for future price movements, and $20 per DOGE would mean a whopping market cap of roughly $3 trillion, which would make it a lot bigger than BTC.

The transformation of Bitcoin (BTC) from speculative novelty to a cornerstone of global finance is gaining momentum, with more than $544 billion in fresh capital flooding the network since late 2022.

A new report from Glassnode and Avenir Group has uncovered a “liquidity trifecta” of on-chain dynamics, market microstructure, and macro linkages underpinning the original cryptocurrency’s maturation as a standalone asset class.

The $550 Million Daily Money Machine

According to the analysis, Bitcoin’s evolution has become visible in its on-chain fundamentals. Since March 2023, those investing in the crypto asset have locked in profits amounting to about $550 million daily, signifying a deep, mature market where participants have serious conviction, taking gains, knowing the market is strong enough to absorb it.

The survey also found the action was just as intense off-chain, with Bitcoin futures and options becoming the new playground for big money. Total open interest went from $11.1 billion in late 2022 to $114 billion during BTC’s historic charge past $100,000 at the beginning of 2025, a testament that institutions are not just dipping their toes, but are diving into crypto headfirst.

Other key signs of institutional accumulation came from analyzing market microstructure tools such as the Limit Order Book (LOB), which brought to light sophisticated liquidity patterns. For example, before the 2024 spot Bitcoin ETF approval, there was extreme sell-side pressure, which was replaced with a buy-side surge after the U.S. Securities and Exchange Commission (SEC) greenlit the financial products.

Similarly, Cumulative Volume Delta (CVD) metrics exposed speculative vs. genuine demand, with Glassnode claiming that the current perpetual futures dominance suggests BTC’s latest rally is leaning speculative.

Altcoins Get Left Behind

The joint report also noted that Bitcoin’s sensitivity to macroeconomic forces has eclipsed its crypto-native cycles. Its price now moves tightly alongside the Global Liquidity Index (GLI) and traditional markets like the S&P 500, while moving against assets like the U.S. dollar.

Spot Bitcoin ETFs have validated this macro alignment. While some critics had dismissed them as fleeting speculation when they were first introduced, Glassnode’s “unhedged demand” metric, which filters out arbitrage-driven flows, shows that they now represent genuine long-term institutional muscle.

Meanwhile, the study revealed that altcoins are facing a liquidity crisis, with capital concentration mainly favoring Bitcoin and speculative meme coins on Solana. Per the data, in this cycle, funds going into altcoins dropped by a whopping $46 billion compared to the last boom. Ethereum, which once captured up to 65% of altcoin inflows, has since seen its share plummet to just 31%, with only Solana and XRP managing to outpace BTC.

In Solana’s case, the uptick was fueled mainly by an explosion of meme coins, which saw their collective value shoot up 9,150% from $400 million to $37 billion. XRP has also had a wild ride of its own, with the anticipated resolution to a long-winded legal battle between the SEC and Ripple Labs over the token’s status, helping boost its value in the market on several occasions.

ˇTThis week, bitcoin (BTC) and ether (ETH) recovered from the decline triggered by geopolitical developments last week. While BTC showed greater resilience compared to ETH, both assets rebounded strongly as tensions appeared to ease.

According to a weekly report by the world’s largest crypto exchange, Binance, Bitcoin’s dominance recorded a slight decline during the recovery. However, this is not a strong indication that the market will soon witness an altseason.

BTC, ETH Prices Rebound

Binance said bitcoin’s resilience signaled a potential shift toward risk assets as macro conditions somewhat improved.

After a broader shakeout triggered by geopolitical tensions, both traditional assets and BTC ended the week in the green. However, BTC solidified its position as an emerging hedge asset amid geopolitical uncertainty, recovering to $107,000 after falling to $98,000 at the beginning of the week.

On the other hand, ETH followed a similar trajectory but exhibited greater downside volatility and a less pronounced recovery. The asset’s performance showed that it is less established in the role of a hedge asset. ETH closed the week below its opening price at $2,480 after plunging to a low of $2,130 on Monday.

“While it remains uncertain whether Bitcoin will sustain its outperformance following this weekend’s events, its strong initial recovery may signal market expectations for a continued upward trend in the largest cryptocurrency. Bitcoin dominance remains elevated at ~66%,” Binance added.

Altseason Optimism Fades

As both assets strive to remain above certain support zones, optimism for an altseason in this cycle is fading. Investors are increasingly asking when the altseason will begin.

According to historical data, these have consistently followed strong BTC rallies, becoming more pronounced when the leading asset enters a consolidation phase. During these times, capital has rotated from BTC to more volatile, small-cap altcoins with higher speculative appeal.

Interestingly, past altcoin seasons have been characterized by new industry themes, such as initial coin offerings (ICOs), decentralized finance (DeFi), and layer-2 solutions. In this cycle, the prevailing concepts — meme coins, BitcoinFi, and decentralized physical infrastructure network (DePIN) — are modifications of previous trends, so they are not strong enough to trigger major rallies.

This cycle is also different because of the oversaturated market of new projects. Binance analysts insist that even if fresh capital flows into altcoins, it is likely to be diluted across the numerous tokens currently in existence. Hence, the market requires a significant catalyst to trigger the altseason, as capital rotation and industry narratives are no longer sufficient.