DOGE Token Sees $1.23B Surge as Musk Endorsement and Political Buzz Drive Volatility

Dogecoin (DOGEUSDT) is currently trading at $0.16651, reflecting a 3.62% decrease over the past 24 hours, with a 24-hour opening price of $0.17276. The recent price decline can be attributed to mixed market sentiment, as traders weigh ongoing support at the $0.16 level against broader market uncertainty and technical resistance near $0.18. Increased attention from both political and cryptocurrency communities, following Elon Musk’s public endorsement of Dogecoin and the announcement of the 'America Party,' has contributed to heightened trading activity, with 24-hour volume surging to approximately $1.23 billion. Despite the recent dip, Dogecoin remains among the top cryptocurrencies by market capitalization, with its price fluctuating between $0.162 and $0.177 in the last 24 hours.