DOGE Token Surges 8.56% as Whale Accumulation and Social Buzz Drive $1.43B Trading Volume

Dogecoin (DOGEUSDT) experienced an 8.56% price increase over the past 24 hours, with the current price at $0.17449 according to Binance data. The price surge is attributed to increased accumulation by large holders at lower levels, heightened social media attention stemming from a public dispute involving Elon Musk and Donald Trump, and ongoing discussions about potential regulatory actions. Additionally, the market saw a rise in liquidations and a higher proportion of short positions, which likely contributed to the upward momentum as short positions were covered. Technical analysis indicates that DOGEUSDT has rebounded from recent lows, with traders closely watching key resistance and support levels amid increased volatility.

The latest market data shows a 24-hour trading volume of $1.43 billion, a market capitalization of $26.18 billion, and a circulating supply of 149.94 billion DOGE. Dogecoin's price has fluctuated between $0.161300 and $0.17449 over the last day, with trading activity and volatility both notably elevated.