Dogecoin (DOGE) surged 11% to reach $0.24, driven by increased trading volume and a bullish market structure. Support is established at $0.21, while the $0.24 level serves as resistance. Recent positive developments include the Federal Reserve's softer stance on crypto regulations and Wyoming's launch of a state-backed stablecoin, which boosted sentiment across digital assets. Notably, a company linked to Trump acquired Dogehash, aiming to create a significant DOGE mining operation. This acquisition contributed to rising institutional interest, as whale wallets accumulated 680 million DOGE tokens in August. The price action shows potential for further gains, especially if DOGE can sustain above $0.24, potentially paving the way toward $0.26. On the flip side, failure to maintain this level may lead to retests at the key support of $0.21. Trading volume also spiked significantly, indicating heightened institutional participation in DOGE trading, pointing to a potentially sustained bullish trend.

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