DOGE Surges 4.24% as Political News and ETF Talks Drive $1.2B Trading Volume

Dogecoin (DOGEUSDT) experienced a 4.24% price increase over the past 24 hours, with the current price at 0.17134 USDT on Binance. This upward movement is primarily attributed to heightened trading activity following political developments involving Elon Musk and Donald Trump, as well as Elon Musk's announcement of the America Party. Additional factors include renewed discussions about potential crypto ETFs for Dogecoin and increased market interest ahead of the Independence Day holiday, which contributed to a surge in trading volume and price earlier in the week.

Currently, Dogecoin is holding above a key support level at $0.16, with 24-hour trading volume exceeding $1.2 billion and a market capitalization above $25 billion. The asset remains one of the most actively traded cryptocurrencies, with its circulating supply at approximately 150 billion DOGE. The recent recovery from oversold conditions and strong defense of support levels indicate ongoing bullish interest, though market sentiment remains mixed regarding the short-term outlook.