Gill's return recently sent GameStop (GME) and AMC (AMC) stocks up more than 70%, bringing to mind the 2021 meme stock frenzy that fueled a massive rally in meme coins, Dogecoin included.
Meme stock traders' favorite “Roaring Kitty,†whose real name is Keith Gill, is back in the game. And Dogecoin (DOGE-USD) fans are hoping this heralds a return for the coin. Gill's recent trades sent GameStop (GME) and AMC (AMC) stock up over 70%, sparking memories of the 2021 meme stock mania that also fueled a huge rally in meme coins like Dogecoin. Now, this resurgence is stoking fresh optimism for DOGE.
Here are the key price levels to watch.
Dogecoin's chart shows some key technical levels. The 20-day Exponential Moving Average (EMA) is currently at $0.149, acting as a strong support line. If DOGE manages to hold above this level, prices could rally toward the 50-day Simple Moving Average (SMA) at $0.166, with the potential to even hit $0.210, according to CoinDesk.
Could DOGE repeat 2021?
Many DOGE fans are drawing comparisons to 2021's epic bull run. “Anyone remember what doge did after the GME squeeze?†commented one supporter. Whether Dogecoin will see a similar rally again remains to be seen, but the buzz around meme coins is certainly heating up once more as Gill makes his trading return.
Dogecoin is currently trading at $0.4044. The DOGE price has seen a massive 93.50% increase over the last 5 days.
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