A prominent analyst believes that the price of Dogecoin (DOGE) may soon experience a significant surge. The analyst, known as CobraVanguard, shared a chart showing that DOGE had retested a support level, suggesting that it could potentially surge to $0.32 and then $0.60, representing gains of 25% and 134% respectively. CobraVanguard also highlighted a bullish divergence on the moving average convergence/divergence (MACD) indicator. Another analyst, Trader Tardigrade, also suggested that DOGE was in the midst of a rally known as "DOGE Season," cautioning against chasing the price once it started moving. DOGE has recently experienced a correction, dropping about 58% from its recent highs.



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