Dogecoin surged 97% in 7 days, currently ranking sixth in market value amid Musk's influence.

High trading volume drives Dogecoin's price, peaking at $0.323 with a daily growth rate of 20.5%.

MACD crosses up and RSI is overbought indicating strong yet cautious investor sentiment.

Dogecoin (DOGE) has skyrocketed 33% in the past 24 hours and 97% in the past seven days, pushing its market capitalization past USD Coin (USDC) to claim the sixth position in overall market value.

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The price of DOGE reached $0.323 as of November 11, marking a 20.48% increase for the day. The current trading volume over the past 24 hours has surged 45.02%, totaling $18.79 billion.

These figures highlight the growing interest among investors and increased trading activity, possibly partly related to recent political ties, including Elon Musk's public support for former President Donald Trump and Musk's announcement of a new division called "D.O.G.E."

The price increase is supported by a significant rise in Dogecoin's market capitalization, now reaching $47.40 billion, reflecting a 20.50% increase. The trading volume over the past day indicates heightened investor activity, with a strong upward price trend throughout the day.

In the early morning, Dogecoin dropped to a low of $0.2676 before starting a steady increase with prices peaking around $0.3237 later in the day.

Source: CoinMarketCap