DOGE Rises 2.97% as Institutional Accumulation and Bullish Signals Drive Strong Market Activity

Dogecoin (DOGE) has risen 2.97% over the past 24 hours, with the current price at $0.17996 on Binance, following increased participation in DOGE-related campaigns and a rebound from the $0.17 support level. The recent price uptick is attributed to renewed bullish sentiment after technical indicators signaled a potential reversal and institutional accumulation was observed, despite ongoing volatility and resistance near $0.20. Market activity remains strong, with a 24-hour trading volume of approximately $1.07 billion and a market capitalization of $26.72 billion, ranking DOGE as the 8th largest cryptocurrency. While short-term technicals indicate a bearish trend, on-chain data suggests possible accumulation, and continued investor engagement is evident amid broader market fluctuations.