$DOGE Dogecoin’s Recent Price SurgeIn BriefDogecoin investors excited by the token's steady weekly rise.Recent price increase could potentially lead to a major bull rally.Despite daily gains, overall sentiment around DOGE remains bearish.

Dogecoin’s Rising Trend

Dogecoin’s price dropped to $0.12 on May 1st but soon gained upward momentum. The rising trend enabled the meme token’s price to increase by 15% over the last seven days. At the time of writing, according to the 21milyon.com website, its market value is over $23 billion at a price of $0.1635

Dogecoin (DOGE) investors welcomed the meme token‘s comfortable rise on a weekly basis. The recent price increase in the cryptocurrency allowed it to surpass a significant resistance level, which could soon lead to a macro bull rally.