DOGE Surges 2.48% as Whales Accumulate $1 Billion—Bullish Momentum Builds Above $0.2050

Dogecoin (DOGEUSDT) experienced a 2.48% price increase over the past 24 hours, rising from 0.19929 to 0.20424 USDT. This upward movement is primarily attributed to notable whale accumulation, with reports indicating over $1 billion in DOGE acquired by large holders within a 24-hour period, alongside a reduction in futures open interest and continued low funding rates. Additionally, wallets holding 10–100 million DOGE sold 740 million DOGE since July 17, while another major holder accumulated 310 million DOGE in the past week, suggesting a redistribution among large investors. Technical analysis points to bullish momentum if DOGE can surpass resistance at $0.2050 and $0.2115, while support remains near $0.19657. Dogecoin's current market capitalization is approximately $30 billion, with a 24-hour trading volume of around $1.36 billion, reflecting ongoing volatility and active trading among both retail and institutional participants.