Dogecoin jumps nearly 9% as buyers push price out of recent downtrend

Dogecoin experienced a nearly 9% increase as buyers stepped in, breaking the cryptocurrency out of a recent downtrend. This surge in price comes amid a broader recovery in the cryptocurrency market, which has seen increased trading activity. Analysts suggest that the rise may be attributed to renewed interest from retail investors and positive sentiment surrounding meme coins. The current price movement indicates a potential shift in market dynamics for Dogecoin, which has been struggling in recent weeks.

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