Dogecoin's price rose over 5% in the last 24 hours to $0.3918, exceeding the cryptocurrency market's growth of approximately 0.9%. The coin has been in an uptrend for two weeks, rising 209% from a low of $0.1420 on November 3 to a three-year high of $0.4329 on November 12. Several factors contribute to this bullish trend, including increasing investor interest following US President-elect Donald Trump's victory and Elon Musk's potential role in a proposed government department. Social media has amplified Dogecoin's visibility, leading to heightened activity around the memecoin. Notably, while interest has surged recently, it remains shy of the levels seen during Dogecoin's all-time high in May 2021. Additionally, whale investors have accumulated approximately 140 million DOGE during market corrections, indicating strong support for future price increases. The technical analysis shows a bull flag pattern, suggesting a potential target of $0.87, marking new all-time highs. However, with the daily relative strength index indicating overbought conditions, a pullback to around $0.355 may occur if the price retreats from $0.38.

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