DOGE Rallies 2.79% Amid Spot ETF Launch, $1.14B Volume Surge, and 134% Exchange Outflows

Dogecoin (DOGEUSDT) has experienced a 2.79% price increase over the past 24 hours, now trading at $0.12252 on Binance. This upward movement is largely attributed to heightened transaction activity, with Dogecoin processing 30,953 transactions and exchange outflows rising by 134%, alongside robust trading volume exceeding $1.14 billion. Positive sentiment was further supported by the launch of the SEC-approved spot Dogecoin ETF (TDOG) on Nasdaq, signaling growing institutional interest. Despite the price rebound and increased market activity, Dogecoin remains below key resistance levels and continues to trade within a bearish channel, indicating cautious sentiment among traders. Overall, Dogecoin is ranked among the top cryptocurrencies with a market capitalization near $20.6 billion.