DOGE Surges 10% as Binance Support and Market Optimism Propel Dogecoin to 8th Largest Crypto

Dogecoin (DOGEUSDT) has experienced a notable price increase of 10.26% over the past 24 hours, rising from an opening price of 0.18065 to 0.19918 on Binance. This upward movement is attributed to several factors: Binance’s reaffirmed support for Dogecoin during its 8th anniversary, Dogecoin’s recent rise to the 8th largest cryptocurrency by market capitalization, and bullish sentiment as investors successfully defended key support levels around $0.15–$0.16. Additional contributing factors include increased trading activity and positive technical signals, such as a breakout above the 50-day trendline, which have fueled optimism for further gains. Broader market developments, including stability across major cryptocurrencies and anticipation around upcoming U.S. digital asset legislation, have also supported Dogecoin’s momentum.

Currently, Dogecoin trades at 0.19918 USDT with a 24-hour trading volume of approximately $2.35 billion and a market capitalization near $29.67 billion, reflecting strong market interest and sustained positive price action.