DOGE Token Volatility Surges Amid ETF Speculation and High-Profile Endorsements, Trading Volume Remains Elevated

Dogecoin (DOGEUSDT) experienced notable price volatility in early July 2025, with recent movements influenced by speculation around a potential U.S. ETF listing and increased attention from political figures such as Elon Musk and Donald Trump. The price initially surged over 10% on July 4, driven by a breakout from a short-term ascending channel and rising derivatives volume, indicating heightened investor interest and optimism for further gains if key resistance levels were surpassed. However, as of July 5, Binance data shows DOGEUSDT trading at 0.16457, down 2.15% over the past 24 hours, suggesting a pullback after the earlier rally as traders reassess support at the $0.16 level amid mixed market sentiment and ongoing ETF-related speculation.

Currently, Dogecoin ranks among the top 10 cryptocurrencies by market capitalization, with a circulating supply of approximately 149.9 billion DOGE and a 24-hour trading range between 0.16 and 0.18 USDT; trading volumes remain elevated, reflecting continued active participation and interest from the community.