Dogecoin has experienced a notable resurgence, surging over 10% from $0.3254 to $0.361, which has elevated its market capitalization to approximately $53 billion, securing its position as the seventh-largest cryptocurrency. In the past 24 hours, substantial trading activity has been observed, with 470 million DOGE purchased, indicating renewed confidence among investors. The cryptocurrency is currently dominating the memecoin sector with a 50% market share. Analysts suggest that if bullish momentum continues, Dogecoin could target the $0.39159 level, having already surpassed the $0.35 resistance. Open interest in Dogecoin has also increased by 10.83%, reaching $4.39 billion, reflecting heightened trading activity in the market.