According to U.Today, Dogecoin (DOGE), the largest meme coin by market capitalization, has experienced a notable price increase today. The coin's price has risen by 5.4% in the last 24 hours, reaching $0.1053. Concurrently, DOGE's market cap has surged by 5.38%, now standing at $15.33 billion. This price rally has been accompanied by heightened trading activity. Data from Coinglass indicates that Dogecoin's 24-hour trading volume has soared by 72.12%, amounting to $1.10 billion. Traders are actively engaging with DOGE as its price trends upward, potentially aiming for the next target of $0.11. Additionally, the Open Interest (OI) for Dogecoin has increased. Coinglass data shows a 9.58% rise in OI, currently at $513.54 million. This suggests that crypto traders are showing greater interest and confidence in DOGE by increasing the number of open positions. The rising trading volume and Open Interest reflect a market turnaround for DOGE, which, along with the broader crypto market, had been trading sideways in recent weeks. However, today's bullish metrics indicate the potential start of a more significant price rally. Dogecoin's technical outlook reveals that its Relative Strength Index (RSI), according to TradingView, is at 46.5362. This RSI level is crucial as it indicates that market sentiment has turned optimistic, suggesting that Dogecoin is in an ideal buying phase, which could push the price higher. Despite this, DOGE has faced resistance at the $0.13 price level. For a sustained price rally, it needs to overcome this resistance and turn it into support. If DOGE successfully clears this level, the likelihood of a more substantial price rally increases.