The price of Dogecoin (DOGE) is stabilizing at a psychological $0.20, a narrow trading range. 📊 In November 2021, DOGE's price was last above this level.
Even though DOGE's monthly price increased by 20%, its market capitalization decreased to $29 billion, and its 24-hour trading volume decreased by 9% to $2.2 billion.
📉Analysts predict that DOGE's next bull run will start shortly in spite of this. The primary memecoin, according to well-known cryptocurrency trader Rekt Capital, is retesting its current price of $0.20 on a monthly basis.
Analysts believe that as DOGE replicates past cycles, prices will rise above $1. Some analysts have set price targets for DOGE at $2, believing that the stock may be about to see another rally to new highs.
