🚀 Dogecoin Volume Explodes 197% as Bearish Pressure Builds
Dogecoin (DOGE) — the undisputed king of meme coins — has seen a massive 197% surge in trading volume, even as price volatility keeps the market on edge. According to CoinMarketCap, DOGE’s 24h trading volume has jumped to $1.29 billion, signaling a sharp rise in market activity.
🔍 What’s Driving the Spike?
While the broader outlook remains bearish, a surge in volume often acts as a precursor to a potential trend shift. Historically, low volume amplifies price swings for DOGE, while rising liquidity can help stabilize price action.
That said, with crypto market liquidity thinning, Dogecoin remains vulnerable to sell-offs. Retail traders seeking quick exits may continue cutting losses. However, sustained high volume could hint at renewed retail interest, opening the door for a short-term recovery.
📉 Current Price Action
Weekly loss: −5.19%
24h range: $0.1178 → $0.1234
Current price: ~$0.1211
24h change: −1.72%
DOGE is also underperforming the broader crypto market, which is down just 1.02%. A soft pullback in Bitcoin (BTC) is adding pressure, as Dogecoin often mirrors BTC’s downside moves.
📊 Technical Outlook
Price is below key moving averages
RSI: 34.66 (bearish, but not oversold)
Death cross confirmed, reinforcing downside risk
These signals suggest that bearish momentum may persist unless a strong catalyst emerges to shift sentiment.
💡 Bottom Line:
Volume is surging — and that’s worth watching. If it holds, DOGE could find its footing. But for now, bears still control the trend.
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