Dogecoin rose over 7% in the last 24 hours, reaching 18 cents early Tuesday morning. While the meme token had fallen over 17% in the past 7 days, the cryptocurrency market is starting to recover, with the global market cap increasing more than 6%. As apex tokens like Bitcoin and Ethereum rose, Dogecoin was able to gain steam given its popularity, especially among pundits like Elon Musk. Dogecoin picked up more than 1% on both Bitcoin and Ethereum in the past 24 hours. Additionally, the meme token has gained over 3 thousand % on the year. However, metrics are indicating that DOGE might have entered “oversold territory,” meaning that investors might start buying once again. At press time, Dogecoin was up nearly 8% on its 24-hour low, reaching 17.92 cents.