DOGE Surges 3.82% as Large Holders Accumulate, Bullish Pattern and Coinbase Support Drive Rally

Dogecoin (DOGE) is currently trading at $0.22740, up 3.82% over the past 24 hours, with a 24-hour trading volume of approximately $1.39 billion and a market capitalization of about $34.01 billion, maintaining its position as the 8th largest cryptocurrency. The recent price increase is attributed to significant accumulation by large holders, a surge in on-chain activity, increased trading volume during support level retests, and positive technical indicators, including the formation of a bullish "Adam and Eve" double bottom pattern. Additional contributing factors include heightened social media interest, Coinbase's support for Wrapped DOGE on its Base layer-2 platform, and a notable rise in open interest for DOGE futures, all supporting renewed investor confidence and bullish sentiment in the market.