DOGE Surges 5.94% as Major Holders Accumulate 1.13 Billion Tokens, Eyes $0.20 Breakout

Dogecoin (DOGE) has experienced a notable price increase of 5.94% over the past 24 hours, rising from a 24h open of $0.19133 to a current price of $0.20270 on Binance. This upward movement is primarily attributed to renewed bullish sentiment across the cryptocurrency market, as reflected in recent technical breakouts and increased institutional interest. Additional momentum has been driven by large-scale accumulation from major holders, with over 1.13 billion DOGE added to addresses holding between 10 and 100 million DOGE in the past week, and by promotional activity in Australia and New Zealand. The positive technical outlook, including a potential breakout above key resistance levels, and ongoing community engagement have further supported the rally.

Currently, Dogecoin is trading at $0.20270 with strong liquidity and a 24-hour trading volume of approximately $1.41 billion, consolidating near the $0.20 resistance and maintaining a bullish bias amid robust market participation.