Opinion: DOGE price consolidates near $0.20, analysts predict bull run is coming

As reported by CryptoPotato, the price of DOGE is consolidating in a tight trading range near $0.20. This is a key psychological level that the asset broke two weeks ago. The last time DOGE's price exceeded this level was in November 2021. Despite the consolidation, analysts believe DOGE's next bull run will begin sooner. Prominent cryptocurrency trader Rekt Capital says the major meme coin is retesting the $0.20 level on the monthly time frame. Analysts pointed to the downward tail shown on the monthly chart, which means a retest of the bull flag pattern on the weekly time frame. Additionally, there are other market observers such as Mikybull Crypto who share the same bullish view. Rekt Capital isn't the only analyst with a bullish forecast on DOGE. With all meme coins consolidating at the top of the pack, traders are predicting prices to surpass $1 as the coin reflects previous cycles. CryptoPotato reported that some analysts believe DOGE may be about to usher in a new rally, with price targets above $2, $9, or even $40.