DOGE Soars 12% as Institutional Futures Launch, Surging Volume Hits $3.24B in 24 Hours

Dogecoin (DOGEUSDT) experienced a notable 12.38% price increase over the past 24 hours, with the current price at $0.14220 according to Binance. The rally was driven by a liquidity sweep at the $0.127 level, absorption of $61,000 in short positions, and technical indicators signaling overbought conditions (RSI above 74 and KDJ J-value above 100). Additional momentum came from DOGEUSDT breaking previous resistance levels and trading above key moving averages, while news of Coinbase's regulated DOGE futures has contributed to enhanced institutional interest. Despite a five-year low in retail search interest, overall trading volume surged, with Bybit reporting $1.2 billion and market-wide figures reaching up to $3.24 billion in 24 hours. Dogecoin’s market capitalization is approximately $24.24 billion, supported by strong trading activity and bullish price movements over the last week.