Dogecoin (DOGE) has seen a surge in price, with a 6% increase in the last 24 hours, reaching its highest value since September 2024. The spike in price has been accompanied by a sharp rise in trading volume, boosting the altcoin's market capitalization to over $18 billion. Dogecoin has outperformed other meme coins, such as Pepe (PEPE), and its price movements seem to be breaking from a downtrend. Analysts are optimistic about Dogecoin's future prospects, especially if Bitcoin continues its upward momentum. The next major target for Dogecoin is the March 28 high of $0.2290. Furthermore, the increase in Dogecoin's open interest and futures funding rate indicate growing demand and optimism among traders.



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