Dogecoin’s price surge, reflecting strong market demand, has traders predicting a 180% rally if Bitcoin gains continue. The meme coin’s 38% increase in May, its strongest monthly performance this year, coincided with Ethereum’s rise. With $4.7 billion in trading volume within 24 hours, Dogecoin ranks fifth among cryptocurrencies. Insights from CryptoQuant show aggressive buying volumes, similar to patterns seen before the 385% rally in Q4 2024. Long-term holder metrics indicate optimism, with holders likely to hold out for higher gains. Analysts suggest a potential parabolic rally for Dogecoin, with targets at $0.65 and $1. The correlation between Dogecoin and Bitcoin could trigger a significant rally if BTC’s surge is followed by a sideways phase. Traders anticipate potential gains for Dogecoin, aiming for $1 and beyond, based on technical analysis. Javon Marks predicts a target of $0.65, signaling a potential 180% upside for Dogecoin. This information does not constitute investment advice; readers are advised to conduct their own research before making investment decisions.