Dogecoin (DOGE) Adds 116% in 24 Hours Volume: What Do Investors Expect?

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin clearly going down Dogecoin's first main obstacle Advertisement Traders are paying close attention to Dogecoin once more , but this time it's not because of a significant price increase. Rather, investors are witnessing a remarkable increase in trading activity. Even though the asset was still trading close to local lows, recent market data shows that DOGE trading volume on major exchanges increased by more than 116% over the previous day. Dogecoin clearly going down Rising volume in a down market may initially seem pessimistic. DOGE is still trading far below its major moving averages and is clearly in a downward trend. The asset has had difficulty establishing a significant recovery since it broke below a crucial support structure. Sellers are still favored by price action alone. Volume, however, frequently conveys a more complex message. DOGE/USDT Chart by TradingView Significant increases in activity usually indicate that market players are getting more involved. In some cases, this may indicate capitulation and panic selling. In others, it signals the start of accumulation as buyers step in to replenish depleted sellers' inventory. The way the market is currently positioned adds another level of complexity. Across major exchanges, long-to-short ratios continue to be significantly biased toward bullish wagers. HOT Stories Bitcoin Is 'Over,' Google's Ex-Tech Lead Says XRP Recovery Hopes Are Alive, Is Bitcoin (BTC) Next Breakout Around the Corner? Ethereum (ETH) Stabilizes Near $1,700: Crypto Market Review While OKX participants are even more aggressively positioned on the long side, Binance traders keep their long-to-short ratio above 2. This implies that a sizable section of the market is still wagering on a recovery rather than a more severe collapse, in spite of the recent weakness. Advertisement Dogecoin's first main obstacle Naturally, there is a chance that crowded long positioning will serve as fuel for further liquidations in the event that support fails. However, if DOGE is able to stabilize and recover close to resistance levels, it also sets the stage for a strong upside move. Technically, the $0.085 area, where short-term resistance and moving averages converge, continues to be the first obstacle for bulls. You Might Also Like Thu, 06/25/2026 - 08:52 Did Shiba Inu (SHIB) Form Bounce Candle? Analyzing Reversal Possibilities By Arman Shirinyan A successful breakout above that level would boost sentiment considerably and might draw in new speculative demand. For the time being, the increase in trading volume seems to be more indicative of growing anticipation than of pure panic. Despite the uncertainty surrounding the direction, investors appear to be preparing for a significant move. Advertisement Whether the 116% volume explosion is the last phase of capitulation or the first indication that Dogecoin is getting ready for another recovery attempt should be revealed in the upcoming sessions. In any case, it is evident that DOGE is seeing a return to market participation. #Dogecoin