Despite the global crypto market downturn, Dogecoin's trade volume has surged by more than 35.67% since the early trading hours, leading to a 10.5% price increase from $0.1562 to $0.1727. Following the introduction of the spot Ethereum ETF, the overall sentiment in the crypto market turned positive, although major cryptocurrencies retreated to typical levels with Dogecoin showing bullish signs. The passing of Kabosu, the Shiba Inu behind the Dogecoin meme, briefly impacted prices. Dogecoin, the largest meme-based cryptocurrency created in December 2013, has given rise to various dog-themed digital currencies. Dogecoin faced a decline in interest during the bear market of 2021, worsened by Elon Musk's remarks on SNL. Nevertheless, Dogecoin has experienced sporadic bullish movements influenced by Musk's involvement, with a resurgence in trade volume from the beginning of the year. Currently trading between $0.16 and $0.19 after dropping from annual highs near $0.22, Dogecoin may approach resistance at $0.20 and potentially reach $0.22 and $0.25 if its upward trend continues. A breakthrough above $0.28 could indicate a strong upward trajectory, suggesting a positive outlook for 2024.