Dogecoin (DOGE) price has jumped by approximately 7% in the last 24 hours to reach $0.181 on March 25.
Key factors driving the DOGE prices higher today include: a DOGE reserve initiative by the Dogecoin Foundation, risk appetite recovery on easing trade war fears, and a classic flag pattern on the DOGE price chart.
The Dogecoin Foundation has revealed the creation of the Official Dogecoin Reserve and has bought 10 million DOGE worth around $1.80 million to stabilize and boost institutional confidence.
Dogecoin's gains are part of a broader altcoin market rally amid easing trade war tensions, with altcoin market capitalization climbing 1.60% in the past 24 hours.