Bitcoin breaks through $97,000, and the enthusiasm in the entire crypto market rises accordingly. In this wave of market movement, Dogecoin has once again attracted a large amount of attention.

Some analysts recently expressed the view that DOGE is currently showing clear bullish signs, and the price is expected to retest the key level of $0.15. However, this time is different from before, and the underlying market environment is indeed worth considering.

From a technical perspective, Dogecoin previously achieved an effective rebound in an important support zone, which is usually a sign of bullish defense. Analysts mentioned that this rebound pattern closely matches the previously issued bullish signals, with the recent target pointing above $0.15.

More interestingly, when observed on the weekly chart, Dogecoin has clearly formed a bull flag pattern. Currently, DOGE is launching an attack on the $0.195 region. Once it stabilizes above this level, the psychological barrier of $0.2 is within reach. Breaking through $0.2 could also lead to a new high.

The rising risk appetite in the market has also played a role here—when mainstream assets like Bitcoin continue to strengthen, funds tend to flow into more volatile assets. As a high-volatility asset, Dogecoin naturally becomes a window for capturing this portion of funds.

Recent policy and market catalysts (such as developments related to ETF products) may also serve as driving forces. Whether it can break through depends on subsequent market performance.