Dogecoin has sparked a surge in recent days, capturing market attention and exceeding the $0.35 level with a strong 3% increase within the past 24 hours. This positive momentum is driven by several factors. Firstly, Dogecoin’s price action shows signs of recovery after a significant correction, as evidenced by its narrowing trend formation following an over-70% drop. Technical indicators suggest that selling pressure is easing and Dogecoin is on the path towards a potential upward trajectory. Analysts believe a decisive break through key support levels could trigger further growth toward $0.35 to $0.50 in the short term. 21Shares’ new Dogecoin ETF, launched in partnership with House of Doge, provides further fuel for this rise as it unlocks accessibility to the Dogecoin ecosystem for institutional investors. The accompanying increase in trading volume further reinforces technical optimism. Large-scale whale purchases have also played a crucial role, with approximately $640.5 million worth of DOGE being acquired by prominent wallets according to renowned cryptocurrency analyst Ali Martinez. These significant buy signals signify confidence in the future of Dogecoin and contribute to the current upward momentum.