DOGE Token Surges 3.59% as Institutional Trades and Bullish Sentiment Drive $29B Market Cap

Dogecoin (DOGEUSDT) has experienced a 3.59% price increase over the past 24 hours, with the current price at 0.19837 USDT according to Binance data. This upward movement is attributed to a combination of large institutional transactions—such as recent sales totaling over 1.4 billion DOGE—and generally bullish market sentiment, as traders have shown increased accumulation interest. Positive market momentum is also supported by Dogecoin’s recent outperformance relative to the broader crypto market, as well as ongoing attention from high-profile figures and sustained trading activity.

Currently, Dogecoin is trading with strong volume, a circulating supply of approximately 150.11 billion DOGE, and a market capitalization around $29.24 billion, ranking it as the 8th largest cryptocurrency. The asset remains volatile, with technical analysis highlighting resistance near the $0.206 level and key support at $0.19, while recent gains suggest continued investor interest in the near term.