Keith Gill's resurgence on social media has ignited a rally in meme stocks, reminiscent of the 2021 trading frenzy.

This development has prompted speculation about potential benefits for cryptocurrencies like Dogecoin (CRYPTO:DOGE), given historical correlations between meme stocks and meme coins.

Observers anticipate that if history repeats itself, Dogecoin could experience a sharp rise, with market analysts closely monitoring critical technical levels, particularly the 20-day Exponential Moving Average (EMA) at $0.149.

Holding above this level could pave the way for a rally towards $0.210, while failing to do so might lead to a correction towards $0.120.