Dogecoin (DOGE) has hit a 3-week high, surpassing $0.20 and solidifying its position as the eighth-biggest cryptocurrency.Analysts suggest potential targets for DOGE between $0.50 and $1, with some anticipating a price explosion above $2.Whales have purchased over 200 million DOGE in the last two weeks, indicating strong conviction and the potential for a supply shock.The surge in Dogecoin's price and the actions of large investors suggest further short-term gains for the meme coin.