Dogecoin (DOGE) is once again showing significant strength, particularly against major altcoins like Ethereum (ETH). The DOGE/ETH ratio has climbed by 25% this month, marking a powerful performance that echoes its surge during the recent election cycle.
This rally has been notable, with Dogecoin delivering a 35% monthly return on investment (ROI), nearly five times higher than Ethereum's modest 6%. This level of outperformance is the strongest seen since the major rally that took place during the election cycle, where DOGE's price soared 160% while ETH gained just 48%.
This current surge isn't just a random spike. It appears to be driven by a clear rotation of capital back into the memecoin sector. The total market capitalization for memecoins has increased by nearly $20 billion this month, pushing it to a two-month high of $83.12 billion. This renewed speculative interest is benefiting DOGE as it takes the lead while other altcoins struggle to keep up.
Dogecoin has surged to $0.29 and is now eyeing a critical resistance level at $0.30. While a previous similar rally in July saw a quick price drop after profit-taking, the current situation looks different. Technical indicators suggest there's still room for upward movement. Dogecoin's Relative Strength Index (RSI) is not yet in the "overheated" zone, and its Open Interest is at an all-time high. The strong performance of the DOGE/ETH ratio also supports the case for a bullish continuation. These factors increase the likelihood of a clean breakout above the $0.30 resistance level.
September 2025, Cryptoniteuae