Dogecoin (DOGE) Posts Huge 123% Increase in Trading Volume

Dogecoin (DOGE) Posts Huge 123% Increase in Trading Volume News By Arman Shirinyan Fri, 24/07/2026 - 10:35 Dogecoin prints a surge in trading volume which wasn't expecting considering asset's placement on the market. Advertisement Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.

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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin's volumes riseWho's exposed to DOGE? Advertisement Even though the meme cryptocurrency is still trading close to multi-month lows, Dogecoin has seen a significant increase in trading activity, with 24-hour spot volume rising by more than 123%.

The increase in participation indicates that traders are becoming more active in the current support zone, even though price action is still weak. Dogecoin's volumes riseThe most recent market data shows that DOGE's spot trading volume has increased to about $219 million, and its futures volume has reached about $1.5 billion.

The fact that open interest is more than $1.1 billion shows that leveraged traders are still heavily exposed even though the asset is having difficulty making a significant comeback. But from a technical standpoint, the chart is still very negative.

DOGE/USDT Chart by TradingViewAfter yet another rejection below the 26-day exponential moving average, which is now close to $0.074, Dogecoin is trading at about $0.069.

Additionally, the price is still significantly below the 50-day EMA at $0.078 and the 100-day EMA at $0.087, indicating that sellers continue to control the medium- and longer-term trends.

HOT Stories Robinhood CEO Breaks Silence on Crypto Hack Cash Cat (CASHCAT), Solana (SOL), XRP and Dogecoin (DOGE) Price Analysis for July 24: Recovery Hype Goes Out The 200-day moving average, which is currently above $0.10, is still sloping downward, indicating how much more work bulls have ahead of them before a structural reversal is feasible. Momentum indicators are just as cautious.

With an RSI of roughly 34–35, DOGE is in the vicinity of oversold territory. Advertisement You Might Also Like Fri, 07/24/2026 - 09:34 Crypto Mining Banned in Another US Town ByAlex Dovbnya Even though that raises the likelihood of a technical bounce, oversold conditions by themselves seldom indicate a long-term bottom during established downtrends. It is interesting to note that derivatives positioning paints a more positive picture.

Who's exposed to DOGE?Top traders on Binance and OKX have substantially more long than short exposure, and long-to-short ratios on major exchanges continue to be strongly skewed toward bullish wagers. However, this optimism has not yet resulted in persistent spot market buying pressure.

Advertisement Thus, the rise in trading volume warrants consideration. Increasing volume during a protracted decline frequently indicates one of two things: either accumulation as larger players covertly take supply from weaker hands, or capitulation as remaining holders give up their positions. Price confirmation is necessary to differentiate between those results.

As of right now, Dogecoin is still printing lower highs and lower lows, indicating that the trend has not altered. Bulls' first task is still to recover the 26-day EMA at $0.074.

A stronger breakout would aim for the $0.087 resistance zone, while a move above that level might set off a recovery toward the 50-day EMA near $0.078.

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