dogecoin 
$0.00329 (DOGE) attracted investor attention again by displaying a remarkable movement with a 170% increase in trading volume in the last 24 hours. The popular meme coin broke the critical resistance level at $0.1988 and moved towards $0.20. This rise is supported by a strong buying wave and institutional inflows. 674 million DOGE tokens were traded during the day, and this figure was recorded as the highest volume in recent weeks. Analysts say that this rise of Dogecoin is similar to Bitcoin 
$111,463.88 and Ethereum 
$3,970.71He associates it with the positive market sentiment in .
Corporate Interest Is Rising Again
DOGE’s price action indicates that institutional investors are re-entering the market. The fact that investors started buying at $0.19 proves that the accumulation period continues. According to technical analysis data, the $0.1974–0.1980 range constitutes a strong support zone. RSI and MACD indicators also confirm the upward trend. If DOGE can sustain above the $0.2003 level, analysts think that the price may move towards the $0.2020–0.2050 band in the short term. It was also reported that there was a 2.1% inflow into major investor wallets in the last 48 hours.
The Elon Musk Effect is Back in Action
On the other hand, the reappearance of the Dogecoin logo on the X (Twitter) platform last week was another factor that increased investor interest. Elon Musk’s occasional posts about DOGE trigger price movements, as in the past. Additionally, with SpaceX’s plans for crypto payments coming to the fore, this could expand Dogecoin’s potential uses. Besides Dogecoin, other meme coins such as FLOKI and Shiba Inu (SHIB) are experiencing similar increases.
This recent performance of Dogecoin has created renewed activity in the meme coin market. However, analysts state that investors should not get caught up in excessive short-term expectations. In order for the rise to be sustained, volume support must continue and closes above $0.20 must become permanent. Otherwise, a short-term retreat towards the $0.1940–0.1950 levels may be seen.
To summarize, Dogecoin’s technical outlook points to a long-term uptrend. In particular, the renewed interest of institutional investors contributes to the stabilization of the price. However, in a period when risk appetite is variable throughout the market, investors are advised to be cautious against sudden fluctuations. If DOGE tests the $0.21 level, it could mean a transition to a new phase of the uptrend.
