DOGE Surges 4.46% as Volume Hits $1.67B and Breaks 50-Day Trendline Amid Market Volatility

Dogecoin (DOGEUSDT) has experienced a 4.46% price increase over the past 24 hours, rising from a 24h open of $0.16354 to a current Binance price of $0.17084. This upward movement is attributed to heightened trading activity, with a reported 24-hour volume of approximately $1.67 billion, and broader market volatility affecting prominent cryptocurrencies. Contributing factors include ongoing discussions about potential trade deals, technical analyses highlighting a recent break above a 50-day trendline, and increased social media attention following Elon Musk's announcement of the America Party. Despite the short-term bullish momentum, market sentiment remains mixed, with analysts divided on whether DOGE can sustain gains above key resistance levels. Dogecoin maintains a market capitalization near $25.84 billion, ranking it as the 9th largest cryptocurrency, while over 65% of its supply is held by the top 100 addresses.