DOGE Surges 6% as Bullish Momentum Builds Amid Treasury Launch and ETF Discussions

Dogecoin (DOGEUSDT) has experienced a 6.13% price increase over the past 24 hours, rising from a 24h open of $0.15932 to a current price of $0.16908 on Binance. This upward movement is primarily attributed to renewed bullish momentum following Dogecoin’s recovery from key support levels, as well as increased buying pressure confirmed by rising trading volume and technical indicators such as RSI. Positive sentiment has also been supported by the establishment of Dogecoin Treasury Inc. to advance Dogecoin-related technologies and ongoing discussions regarding potential Dogecoin ETF approvals, despite the U.S. SEC postponing its decision on the 21Shares Dogecoin ETF application. While broader market uncertainty has been influenced by public disputes between high-profile figures, Dogecoin’s recent price action and trading activity indicate strong market interest, with a 24-hour trading volume exceeding $1 billion and a market capitalization of approximately $25.6 billion.