DOGE Surges 3.17% as Trading Volume Jumps 38%, Breaking Key $0.20 Level and Eyeing Resistance

Dogecoin (DOGEUSDT) has experienced a notable increase in price over the past 24 hours, rising by 3.17% to $0.20516 on Binance. This price change is primarily attributed to a significant surge in trading volume, which increased by 38% over the past week, and heightened market activity, including the liquidation of a $50,100 short position at $0.199. The increased trading volume and liquidation events have contributed to bullish momentum, pushing DOGEUSDT above the key $0.20 level and attracting further market attention.

Currently, Dogecoin is trading around $0.20516 with a 24-hour open of $0.19885, a high of $0.21097, a low of $0.19571, and a market capitalization of approximately $31 billion, ranking it as the 8th largest cryptocurrency. The market is closely monitoring resistance near $0.213 and support around $0.1938 as DOGEUSDT consolidates after its recent gains.