Meme stock hero “Roaring Kitty,” also known as Keith Gill, is back – and Dogecoin (DOGE-USD) enthusiasts hope this marks a comeback for the coin. Gill’s return recently sent GameStop (GME) and AMC (AMC) stocks rose more than 70%, reminiscent of the 2021 stock market frenzy that fueled a massive rally in coins including Dogecoin. This resurgence sparks new optimism about DOGE’s prospects.
Key Price Levels to Watch
Dogecoin’s chart shows important technical levels, with the 20-day exponential moving average (EMA) at $0.149 being a major support line. If DOGE holds above, prices could rally towards the 50-day simple moving average (SMA) at $0.166, with the potential to even reach $0.210 per CoinDesk.
Will DOGE repeat 2021?
Many DOGE fans are making comparisons to the historic bull run of 2021. “Remember what DOGE did after the GME squeeze? » remarked one supporter. Whether Dogecoin will see a similar rally remains to be seen, but the energy around the meme coin is undeniably increasing again with Gill’s return to the trading scene.
At the time of writing, Dogecoin stands at $0.4044. DOGE price has increased by 93.50% in the last 5 days.
