Bitcoin

Dogecoin

Rekt

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Dogecoin, the flagship meme coin, has a major challenge ahead of it. According to trading analyst Rekt Capital, the cryptocurrency is&nbsp;<a href="https://twitter.com/rektcapital/status/1773850305236533264">on track</a> to reclaim the $0.20 level as new support.&nbsp;
This, as the analyst expects, could pave the way to further upside. The meme coin could potentially surge to $0.30, according to the analyst.&nbsp;
At press time, the flagship cryptocurrency is changing hands at $0.215. It has surged nearly 7% over the past 24 hours. The meme coin is currently valued at $30 billion.&nbsp;
With mere hours remaining until the pivotal monthly close, it remains to be seen whether Dogecoin will manage to remain above that make-it-or-break-it level.&nbsp;
Meanwhile, the Bitcoin price is on the verge of closing this weekly candle above its all-time high.&nbsp;
If Bitcoin manages to achieve this, this&nbsp;<a href="https://twitter.com/rektcapital/status/1774479121566822890">would</a> also position the flagship cryptocurrency for a breakout.&nbsp;
At press time, Bitcoin is changing hands at $70,561, according to CoinGecko data.&nbsp;
As reported by U.Today, the meme coin recently managed to surpass Cardano, one of the top Ethereum competitors, by market capitalization.&nbsp;
However, Dogecoin is still far from reclaiming the peak of the previous cycle. Back in 2021, it managed to climb all the way to fourth place by market capitalization.&nbsp;

Dogecoin Eyeing Key Level Ahead of Monthly Close

U_Today

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