DOGE Surges 4.6% as Market Rally Sparks Accumulation and Breaks Key $0.20 Resistance

Dogecoin (DOGEUSDT) has experienced a 4.60% price increase over the past 24 hours, rising from 0.19237 to 0.20122 USDT on Binance. This upward movement is primarily attributed to a broader rally in the cryptocurrency market, led by Bitcoin, which has also driven increased interest and trading activity in memecoins like Dogecoin. Social media and news sources highlight a surge in transfers from exchanges to cold wallets, indicating potential accumulation by holders. Technical analyses present mixed signals, with some analysts noting bullish momentum as Dogecoin trades above its 200-day EMA and reclaims the $0.2000 level, while others point to resistance near $0.1977 and caution about possible profit-taking by large holders. Dogecoin remains a top 10 cryptocurrency by market capitalization, with a circulating supply of approximately 150.12 billion DOGE and 24-hour trading volume ranging from $1.91 billion to $5.97 billion.