Dogecoin value has soared above $0.15, marking a significant rally for the meme-inspired cryptocurrency. In the past 24 hours alone, Dogecoin has experienced a remarkable 5.93% increase, outpacing many of its counterparts in the crypto market. This surge comes as the total crypto market cap rises by 4.6%, indicating renewed investor interest and confidence.

Despite facing a 23% downturn over the week, Dogecoin has demonstrated resilience, showing a 17% increase in value for the month. This positions Dogecoin as a notable player in the current market landscape. Meanwhile, Bitcoin and Ethereum, the leading cryptocurrencies, have also shown strength, with Bitcoin reclaiming levels above $64,000 and Ethereum nearing the $3,100 mark.

Significant whale activity and a surge in trading volume accompany Dogecoin's recent uptick in value, highlighting growing investor interest and the liquidity supporting large transactions. Dogecoin's immediate focus lies in breaking resistance levels at $0.16 and $0.17, which could potentially pave the way for a revisit to its monthly high of $0.22.