Memecoins are trading in the green as Bitcoin recaptures the $68,000 level. However, Dogecoin, the leading memecoin by market cap, is up by 2% in the last 24 hours, underperforming compared to Bitcoin. DOGE is currently trading around the descending trendline, suggesting that the memecoin could rally higher in the near term. If the bulls push higher and DOGE experiences a confirmed breakout, it could encounter further rally in the near term. DOGE could surge higher ahead of Qubic's DOGE mining mainnet launch scheduled for Wednesday. The technical indicators also show fading bearish momentum, supporting a potential recovery for the dog-themed cryptocurrency. Investors await Qubic's Dogecoin mainnet launch DOGE is trading at $0.