DOGE Token Surges 8.25% as 95M Unlock, Political Buzz, and Bullish Patterns Drive Momentum

Dogecoin (DOGEUSDT) experienced an 8.25% price increase over the past 24 hours, rising from a 24h open of $0.16130 to $0.17460 on Binance. This upward movement is attributed to a combination of factors: the unlocking of 95 million DOGE tokens increased circulating supply and coincided with heightened public attention due to political discussions involving Donald Trump and Elon Musk. Additionally, technical analysis from multiple sources highlighted bullish patterns, such as a double bottom and a breakout on the 1-hour chart, which contributed to increased trading activity and positive sentiment. No recent exchange listings or promotions were identified as catalysts.

Currently, Dogecoin’s trading volume is robust, with 24-hour volumes reported between $688.68 million and $1.439 billion, and its market capitalization stands at approximately $26.15 billion. The asset is showing strong interest from traders, with immediate resistance at $0.17540 and support at $0.15927, reflecting renewed momentum in line with broader market recovery trends.