DOGE Surges 4.92% as ETF Speculation, Major Asset Manager Filings, and Binance Promotions Drive Momentum

Dogecoin (DOGEUSDT) has experienced a 4.92% price increase over the last 24 hours, rising from 0.16260 to 0.17060 USDT on Binance. The price change is primarily attributed to positive sentiment driven by speculation around potential SEC approval of a Dogecoin ETF, with major asset managers such as Grayscale, 21Shares, and Bitwise filing applications, and analysts suggesting a high likelihood of approval by year-end. Additional upward momentum has been supported by bulls defending the key $0.150 support level and growing optimism for a price rebound, as well as promotional activity such as Binance’s campaign offering DOGE rewards to new users in South Asia.

Currently, Dogecoin maintains strong trading activity, with 24-hour volumes exceeding $834 million and a market capitalization near $25 billion, ranking it as the 9th largest cryptocurrency. Technical indicators remain mixed, with some pointing to potential bullish momentum while others suggest caution due to ongoing volatility.