DOGE Surges 7.11% as Whale Accumulation and Bullish Sentiment Drive $3.3B Trading Volume

Dogecoin (DOGEUSDT) experienced a 7.11% price increase over the past 24 hours, rising from 0.19864 to 0.21276 USDT on Binance. This upward movement is primarily attributed to continued market optimism, increased accumulation by large holders (whales), and positive sentiment following broader expectations of potential Federal Reserve rate cuts. The recent surge in long liquidations ($3.53 million) versus short liquidations ($296,000) indicates a strong bullish bias, with long positions making up over 75% of the market. No new protocol updates or partnerships have been reported in the past week, and technical resistance levels remain a focus for traders. Dogecoin's trading volume remains robust, with the 24-hour volume exceeding $3.3 billion and the market capitalization around $31.89 billion, reflecting sustained investor interest and heightened market activity.