Crypto
Dogecoin Price Rises as Memecoin Season Shows Signs of Rebound
Memecoin season may be returning after Dogecoin (DOGE) price rose by 8.56% over the past seven days, according to data from CoinMarketCap. The token's market value is around $15.39 billion and its 24-hour trading volume nears $904.6 million.
The recent move puts DOGE ahead of other large meme tokens on the weekly chart, with Shiba Inu up 7.81%, Bonk up 5.95%, and Pepe up 0.81%. However, the wider memecoin market is not moving as one, with its total market value at about $31.41 billion and 24-hour volume around $3.33 billion.
Traders are watching for signs of a broader rebound in the sector, but it's still selective. Dogecoin price has held the key support level near $0.081, a move that may indicate buyers stepping in at this point.