As reported by CryptoPotato, DOGE’s price is consolidating in a narrow trading range around $0.20. This is a key psychological level that the asset broke through two weeks ago. The last time DOGE’s price exceeded this level was in November 2021. Despite the consolidation, analysts believe that DOGE’s next bull run will begin sooner. Rekt Capital, a well-known cryptocurrency trader, said that the main meme coin is retesting the $0.20 level on the monthly timeframe. The analyst pointed to the downward tail line shown on the monthly chart, which means that the bull flag pattern was retested on the weekly timeframe. In addition, there are other market observers such as Mikybull Crypto who hold the same bullish view. Rekt Capital is not the only analyst predicting a bullish trend for DOGE. As the leader of all meme coins consolidates, traders predict that the price will exceed $1 as the coin is mirroring previous cycles. CryptoPotato reported that some analysts believe that DOGE may be about to usher in a new rally with price targets exceeding $2, $9, and even $40.