Dogecoin's price has increased by approximately 7% in the last 24 hours, reaching $0.181, driven by the launch of a Dogecoin reserve and a growing appetite for altcoins. Key factors include the Dogecoin Foundation's creation of an 'Official Dogecoin Reserve', which aims to stabilize the memecoin and enhance institutional confidence. The foundation has purchased 10 million DOGE, worth around $1.80 million. Additionally, a broader altcoin market rally, due to easing trade war tensions, has shifted capital from Bitcoin to altcoins like Dogecoin, with altcoin market capitalization rising by 1.60%. Speculation has also increased in the Dogecoin futures market, where open interest has risen from $1.33 billion to around $1.80 billion. The technical analysis shows Dogecoin's current gains are part of a bear flag pattern, indicating potential future volatility depending on market conditions. Should prices decline below a specific support level, a target of $0.117 could be reached, while a breakout above resistance may push prices toward $0.214.

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