Dogecoin recovers key levels after a sharp surge in trading volume
Over the past 24 hours, Dogecoin (DOGE) posted a strong rebound, rising from a local low of around $0.1367 to an intraday peak just below $0.150.
The meme coin’s price increase was accompanied by a sharp rise in trading volume, with session turnover totaling approximately 91 million DOGE.
Rather than a sudden liquidity spike, the market saw active two-sided trading, with both buyers and sellers participating aggressively, especially as prices moved higher. After reaching a local high, Dogecoin pulled back slightly and stabilized around $0.148, holding above the former resistance zone that had previously capped price gains.
This behavior suggests that the former resistance level is now being tested as short-term support.
Traders are likely to watch whether DOGE can continue to hold the $0.145–$0.148 range. Maintaining this zone would preserve bullish momentum, while a breakdown could signal the start of a new consolidation phase.
In any case, Dogecoin has shifted its short-term trend from steady decline to cautious recovery. Judging by trading volume, this move appears to have genuine market backing rather than being driven by speculative noise.
See also: "Glassnode: how much major players have added to their Bitcoin reserves"
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