Dogecoin Surges 47.62%, Hits $1.32 Billion Volume

Dogecoin Surges 47.62%, Hits $1.32 Billion Volume

Adriana Lopez
1 min read

Dogecoin's Surging Trading Volume and Bullish Momentum

Dogecoin, originally a lighthearted cryptocurrency, is gaining major traction with a 47.62% spike in trading volume, skyrocketing to $1.32 billion within 24 hours, despite a slight 1.04% price dip. Over the last 30 days, DOGE has surged by 8.47%, signaling an upward momentum. With the Relative Strength Index at 50.94, technical indicators point to potential growth. Notably, 84% of Dogecoin holders are currently profiting, affirming a sustained bullish trend. This rally aligns with a broader market resurgence, where numerous altcoins are experiencing substantial price hikes, benefitting from a positive market sentiment.

Key Takeaways

  • Dogecoin's trading volume surged by 47.62%, reaching $1.32 billion in the last 24 hours.
  • Despite a 1.04% dip, DOGE has risen 8.47% over the past 30 days, indicating growing momentum.
  • Technical indicators, including RSI at 50.94, suggest a bullish outlook for Dogecoin.
  • 84% of Dogecoin holders are currently in profit, reflecting sustained bullish momentum.
  • Dogecoin's positive trends align with a broader resurgence in the crypto market.


The surge in Dogecoin's trading volume and its bullish technical indicators reflect a positive market sentiment, potentially attracting more investors and stabilizing or boosting DOGE's value. However, the minor price fluctuation denotes volatility, which could deter more conservative investors. Long-term growth hinges on market stability, investor confidence, regulatory clarity, and technological advancements in the crypto space.

Did You Know?

  • Relative Strength Index (RSI): A technical indicator measuring price movement speed and change in financial markets. Typically used to assess overbought or oversold conditions, RSI oscillates between 0 and 100. An RSI reading above 70 is considered overbought, and below 30 oversold. A 50.94 RSI indicates a neutral position slightly leaning towards bullishness, suggesting potential for further growth.
  • Altcoins: Cryptocurrencies other than Bitcoin, developed to address perceived limitations in Bitcoin or serve specific functionalities. Examples include Ethereum, Ripple, and Dogecoin. "Altcoin" collectively describes these alternative cryptocurrencies, often reacting to Bitcoin's market performance.
  • Bullish Trend: In financial markets, characterized by rising prices, investors who are "bullish" anticipate price increases and acquire assets expecting higher future sales. The fact that 84% of Dogecoin holders are profiting reinforces the perception of a bullish trend in the Dogecoin market.

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