DOGE Surges 4.9% as Futures Open Interest Tops $2B Amid Market Volatility and Political Buzz

Dogecoin (DOGEUSDT) has risen 4.90% over the last 24 hours, currently trading at $0.18582 on Binance, with a 24-hour open of $0.17714. The price increase is attributed to a surge in trading activity, with open interest in Dogecoin futures exceeding $2 billion for the first time since June, and a significant rise in spot and futures trading volumes. This renewed momentum is linked to broader market volatility, including liquidations exceeding $86 million across crypto markets and heightened interest driven by recent political developments involving high-profile figures. Additionally, technical analysis indicates bullish momentum as DOGE builds higher lows and approaches key resistance levels, while the upcoming "Crypto Week" in the U.S. House and overall positive sentiment in major cryptocurrencies have contributed to increased market activity. Dogecoin's market capitalization stands at approximately $27 billion, with a 24-hour trading volume between $1.66 billion and $2.58 billion, reflecting strong investor engagement despite the price remaining well below its all-time high.