Dogecoin (DOGE) Emerges as Only Top-20 Crypto With Rising Trading Volume

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. Trading volumes decline Longs dominate over shorts Advertisement As the only asset among the top 20 digital assets to record a notable increase in 24-hour trading volume, Dogecoin is differentiating itself from the larger cryptocurrency market. DOGE saw a 92.7% increase in trading volume over the course of the day, indicating renewed trader interest despite comparatively muted price action, while almost all of the major cryptocurrencies saw decreasing activity. Trading volumes decline According to the most recent market data, Ethereum, Solana, XRP, and BNB all saw declines ranging from about 35% to over 45%, while Bitcoin's trading volume fell by more than 55% over the previous day. Dogecoin, on the other hand, moved in the opposite direction and became the obvious anomaly among large-cap cryptocurrencies as its daily volume increased to about $1.55 billion. DOGE/USDT Chart by TradingView The price chart demonstrates that DOGE spent several weeks consolidating close to the $0.07 support area before the abrupt spike in activity. In the most recent session, buyers intervened, raising the token by nearly 6% and enabling it to return to the 50-day moving average. The move breaks a pattern of stagnant trading that had dominated July, despite being comparatively small compared to earlier Dogecoin rallies. HOT Stories Top 10 Crypto Exchange by Trading Volume Suddenly Shuts Down Risk of XRP Losing $1 Just Spiked Up, Will Zcash (ZEC) Retain $500? Hyperliquid's (HYPE) $70 Bounce Is Possible: Crypto Market Review You Might Also Like Tue, 07/21/2026 - 10:45 'Pointless': Dogecoin Co-Founder Slams Ending Merge Mining By Tomiwabold Olajide Advertisement Since volume expansion frequently comes before more significant directional changes, it is especially crucial. Dogecoin's most recent advance coincides with a significant increase in market activity, which suggests that new capital is entering rather than current traders merely switching positions, in contrast to price spikes that happen on weak participation. The picture painted by derivative data is similarly positive. Longs dominate over shorts Over the last 24 hours, open interest has risen by more than 4%, but it has remained relatively stable over the last hour, suggesting that new positions are entering the market rather than just being rearranged. Major exchanges' long-to-short ratios, which show that Binance and OKX have more long accounts than short ones, also continue to favor bullish positioning. Simultaneously, futures flow data indicates positive net inflows over the 4-, 8-, and 12-hour time frames, indicating a progressive increase in optimism among derivatives traders. Spot flows are still inconsistent, suggesting that leveraged participants are currently more convicted than spot buyers. Advertisement Dogecoin still has a lot of technical obstacles to overcome. The general market structure is still bearish, as evidenced by the 100-day and 200-day moving averages' ongoing downward trend. Regaining the short-term moving average while reporting the biggest volume growth of any of the major cryptocurrencies, however, is a positive first step. #Dogecoin #DOGEUSDT