DOGE Surges 6.67% on Binance as Institutional Interest and Bullish Pattern Target $0.20 Mark

Dogecoin (DOGE) experienced a 6.67% price increase over the last 24 hours, rising from 0.18178 to 0.19391 USDT on Binance. This positive movement is primarily attributed to renewed institutional interest, as reported on June 5, and technical optimism surrounding a bullish "falling wedge" chart pattern targeting the $0.20 resistance level. Despite a recent short-term market correction driven by profit-taking, overall sentiment has been supported by analysts listing DOGE as an undervalued asset and noting its resilience amid broader market volatility. Dogecoin currently ranks #8 by market capitalization, with a 24-hour trading volume exceeding $1.13 billion, and has shown strong upward momentum over the past week.