DOGE Surges 3.61% as Elon Musk’s America Party Boosts Hype and Trading Volume on Binance

Dogecoin (DOGEUSDT) has experienced a 3.61% price increase in the past 24 hours, currently trading at 0.17089 USDT on Binance. The recent price movement is attributed to a combination of factors, including heightened social media attention following Elon Musk's July 5, 2025 announcement of the America Party, where Dogecoin was frequently mentioned, and Binance's ongoing promotion targeting South Asia users, which may have contributed to increased trading activity and inflows. Additionally, bulls have been actively defending the $0.16 support level, as highlighted by multiple analyst reports, while overall trading volume remains robust, ranging from $1.34 billion to $1.78 billion in the last 24 hours. Dogecoin's market capitalization stands at approximately $25–26 billion, with the asset maintaining its position as the 9th largest cryptocurrency by market cap.