During the last hours of Thursday, Dogecoin experienced a notable decline as the broader crypto market retraced, causing its price to revisit the $0.16 mark, a level not seen in several months. Despite this worrying shift in trend, Dogecoin's medium-term and long-term outlook remains bullish, as crypto analysts advocate for an imminent parabolic surge. The historical trend has sparked optimism among investors and traders who are hopeful for a significant upward movement in Dogecoin's price.