DOGE Surges 3.54% as Whales Accumulate 310 Million Tokens, Testing Key $0.20 Resistance

Dogecoin (DOGEUSDT) experienced a 3.54% price increase over the past 24 hours, rising from 0.19628 to 0.20322 on Binance. This upward movement is primarily attributed to significant accumulation by large wallets, which added over 310 million DOGE, and heightened whale activity that drove a brief rally above the $0.20 resistance level. Despite the lack of recent protocol updates or major announcements, the surge in whale accumulation and technical signals such as a "Golden Cross" on the daily chart contributed to bullish sentiment. However, trading volume saw a notable decline of over 50% compared to the previous day, indicating reduced market activity following the initial price surge.

Currently, Dogecoin is trading at approximately $0.20322 with a 24-hour trading volume between $1.3 billion and $2.18 billion, a market capitalization near $30 billion, and a circulating supply of about 150.36 billion DOGE. The asset remains volatile, with traders closely monitoring the $0.20 level as a key support and resistance zone.