Despite its recent downturn, analysts remain optimistic about Dogecoin’s prospects, indicating a potential rise to 6 USD. Recent data shows a significant increase in active addresses, hinting at a forthcoming price surge.

Currently, Dogecoin is experiencing a price bounce, showing resilience at critical support levels. Analysts predict bullish movements, with projections of gains ranging from 200% to 300%, largely dependent on external catalysts like ETF approvals.