Dogecoin (DOGE) has gained more than 3.5% over the past 24 hours to $0.4075, in line with the recovery across the broader cryptocurrency market, which is up about 3.3% over the same period to hit $3.32 trillion.
Data from Cointelegraph Markets Pro and TradingView shows that DOGE's price has been volatile over the past two weeks, fluctuating between $0.35 and $0.45.
Although DOGE is currently trading 15% below its multi-year high of $0.4808 on November 23, there are still several factors supporting the bullish potential of the world's largest memecoin.