Dogecoin surged over 10% on Oct. 16, reaching $0.1266 and experiencing a 90% volume spike.Analyst Ali Martinez predicts Dogecoin may reach $10 soon, citing a rising wedge pattern since 2017.Elon Musk's support has caused 50% price spikes for Dogecoin, boosting its prominence.DOGE challenges top memecoins with its significant user base and Musk's endorsements.