DOGE Surges 5.2% as Coinbase Lending Expansion and Whale Activity Fuel Market Momentum

Dogecoin (DOGEUSDT) experienced a notable price increase of 5.20% in the last 24 hours, rising from 0.09640 to 0.10141 on Binance. This upward movement can be attributed to several factors: Coinbase's recent expansion of on-chain lending services to include Dogecoin, heightened whale activity with a dominance of short positions, and technical analysis highlighting a retest of key breakout levels. Despite the prevalence of short liquidations and a long/short ratio below 50%, market sentiment remains cautiously optimistic, with some buyers positioning for a potential breakout. Trading volume for Dogecoin has been robust, and its market capitalization stands at approximately $16.39–$17.03 billion, solidifying its status as the 9th largest cryptocurrency. Over the past week, Dogecoin has outperformed major assets, reflecting strong community support and continued relevance in the crypto sector.