DOGE Token Surges 2.72% Amid Golden Cross and ETF Speculation, Trading Volume Nears $1 Billion

Dogecoin (DOGEUSDT) experienced a 2.72% price increase over the last 24 hours, rising from 0.19652 to 0.20187, with trading volume peaking at 918.53 million and 502.81 million during periods of heightened market activity. This price movement is attributed to ongoing market volatility driven by recent Federal Reserve interest rate decisions and global trade developments, as well as technical factors such as DOGE retesting a key support zone around $0.19–$0.21. Despite a broader bearish sentiment and a notable decline in futures open interest earlier in the month, technical signals like a "Golden Cross" and speculation about a potential Dogecoin ETF have contributed to renewed buying interest and short-term price recovery.

Currently, Dogecoin trades at 0.20187 with a 24-hour open of 0.19652 and a market capitalization of approximately $30.41 billion, maintaining its position among the top 10 cryptocurrencies. The asset has shown a 1.64% to 3.11% increase in the past day, following a week of significant volatility and a 16.31% decline, with a circulating supply of around 150 billion DOGE and a 24-hour trading range between $0.1949 and $0.2029.