As of November 12, 2024, the price of Dogecoin is trading at $0.36421314, with a market capitalization of $53,450,051,172. The technical chart on the weekly time frame shows that the DOGE price is developing a bullish reversal trend called bottom rounding.
This chart pattern is commonly interpreted as the low point of a downtrend as investors show renewed buying interest. Under the influence of this pattern, buyers are expected to challenge the all-time high resistance of $1 and give better confirmation of the bull market.