Dogecoin (DOGE) has surged 95% within a week, igniting discussions among analysts who believe this is merely the onset of a larger bull run.

As a leading figure in the memecoin wave that has captivated the cryptocurrency scene for over a decade, Dogecoin's recent performance is underscored by an unprecedented $1.4 billion in futures open interest.

The significance of Dogecoin in heralding an altcoin season is highlighted by some market watchers, who point out its substantial $24 billion market capitalisation, positioning it among the top-10 cryptocurrencies.

Technical analysis further suggests that Dogecoin's current price trajectory mirrors its past bull markets, characterised by substantial gains following periods of consolidation, typically lasting 22 months.

This pattern of explosive growth post-consolidation was highlighted in a post by user ali_charts on the X social network, amplifying the conversation around Dogecoin's potential for continued growth.