<ul data-eligibleForWebStory="true">Dogecoin has surged above the $0.2 mark due to renewed bullish sentiment in the market.An analyst suggests that Dogecoin has transitioned from the launchpad phase to the explode phase.Trader Tardigrade's technical analysis indicates similarities between Dogecoin's current trajectory and past cycles.The analyst refers to patterns involving bottoming out, launchpad formation, and subsequent explosive moves.The analysis showcases similarities between the current MACD behavior and previous setups before significant price surges.Based on historic behavior, Dogecoin could potentially rally significantly in the coming weeks.Trader Tardigrade projects a possible price move above $0.7 in the coming months.Previous references to Dogecoin's liquidation heatmap highlighted liquidity concentrations above current levels.There were significant liquidity clusters around $0.189 and $0.1995, which have now been surpassed as Dogecoin broke above $0.2.Market makers often target high-liquidity zones to drive volatility and trading volume.At the time of writing, Dogecoin is trading at $0.2016, showing a 5.6% increase in the last 24 hours.