Crypto traders are looking at Dogecoin (DOGE) again — Here’s why

When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020–2021 bull market when Dogecoin (DOGE) chased after $1, Shiba Inu (SHIB) rallied by tens of thousands of percentage points, and nonfungible token prices hit eye-watering highs of six to seven figures.

Despite only being up 13.6% for the year, DOGE’s 33.2% gain over the last month has put the asset on some analysts’ radar.

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