DOGE Surges 12% as Institutional Investment and Technical Signals Drive $36B Market Cap Milestone

Dogecoin (DOGEUSDT) has experienced a notable price increase of 12.22% over the past 24 hours, with the current price on Binance at $0.24138. This upward movement is primarily attributed to several factors: a surge in trading activity on Binance and other major derivatives platforms, increased institutional interest highlighted by Bit Origin's $500 million DOGE treasury strategy, and positive technical indicators such as a "double bottom" formation and an ascending broadening wedge. Additionally, ongoing legislative discussions in the U.S. regarding cryptocurrency regulation have contributed to a supportive market environment.

In the latest 24-hour period, Dogecoin's trading volume ranged from approximately $5.77 billion to $18.29 billion, and its market capitalization reached around $36.11 billion, solidifying its position as the 8th largest cryptocurrency by market cap. The asset has shown strong trader engagement and upward momentum, with a 24-hour price range between $0.20784 and $0.23787 and a circulating supply of about 150.14 billion DOGE.