Along with the overall rally in the crypto space, the meme coin Dogecoin has also seen an impressive rally, suggesting that investor trust in digital assets is recovering. Bitcoin has surged to the $66,000 mark, while Ethereum has climbed above $35,000, showing broad market enthusiasm. After more than a year of stable trading, Dogecoin broke through the $0.1 barrier and peaked above $0.2. Thereafter, the price enters a bearish phase, limiting it to a narrow area around $0.15. Nonetheless, the current positive momentum in the market suggests that Dogecoin is on the verge of a significant rally. Dogecoin has seen a significant increase in trading volume recently, increasing by 30% to $3.12 billion. It currently ranks 9th in terms of market capitalization and is valued at $22.4 billion. This prominence in the cryptocurrency market, especially during the bullish phase, indicates the potential for further expansion.