Dogecoin rose above $0.20 with its Relative Strength Index near 61 following Elon Musk's announcement of the XHandles marketplace on X. Speculation persists about potential DOGE integration into the platform, similar to Telegram's use of TON for username transactions. A pending Dogecoin ETF decision and broader market dynamics, including U.S. tariff developments, may influence further price movement. Market attention has also shifted to Maxi Doge, a new meme coin that raised over 3.69 million in presale with staking rewards up to 82% APY.

While October's market downturn disappoints investors who expected an 'Uptober' rally, on-chain data shows major players accumulating 1.7 billion DOGE worth $338 million this week, suggesting strategic positioning despite current price resistance at $0.20.