Dogecoin (DOGE) is currently on the rise, with an increase of 5.86% over the last 24 hours, reaching a price of $0.2405. The trading volume over 24 hours amounts to $3.13 billion, reflecting increased activity in the market. This positive momentum is supported by a 225% increase in realized profits, indicating a resurgence of investor interest.

Analysts are observing bullish technical signs, suggesting a potential rally toward $0.65, representing a 174% increase from the current price. However, some foresee a possible short-term correction, with a potential decline of 12.91% by May 23.

Market sentiment remains optimistic, with a "Fear & Greed" index at 70, indicating strong "greed".