Recent market performance has sent Dogecoin soaring, with a notable 3% increase over the past 24 hours. The cryptocurrency appears to be recovering from a recent downturn, pushing past a key resistance level and fueling excitement among traders. Positive technical indicators, including signs of diminishing selling pressure and strengthening trading volume, are contributing to this rally. Institutional investors and ‘whales’ – major crypto holders – have also played a crucial role in bolstering interest in Dogecoin. A new Exchange-Traded Fund (ETF) from 21Shares, launched in collaboration with House of Doge, further boosts investor confidence. This new launch, coupled with growing activity from these significant players, suggests that the cryptocurrency is positioned for continued growth.