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DOGE Volume Surges 75% Above Average as Traders Battle to Hold $0.26 Support

DOGE Volume Surges 75% Above Average as Traders Battle to Hold $0.26 Support

Author:
Coindesk
Published:
2025-07-23 06:02:37
10
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DOGE Volume Spikes 75% Above Average as Traders Defend $0.26 Floor

Dogecoin traders are digging in—trading volume just exploded 75% above average as the meme coin's price teeters above $0.26. The spike suggests either a last stand for the bulls or a dead-cat bounce before the next leg down.

Defending the Line

That $0.26 level isn't just psychological—it's held as support three times since May. Break it, and DOGE could freefall toward its 2025 lows. Hold it, and the 'to-the-moon' crowd might just get their second wind (until the next whale dumps, of course).

Volume Tells the Story

Surge in activity typically precedes big moves. This time? Either accumulation or distribution—take your pick based on whether you believe in magic internet money or basic supply/demand.

Wall Street's Worst Nightmare

While hedge funds obsess over 'macro trends,' DOGE traders are proving once again that crypto markets run on vibes, memes, and the occasional Elon tweet. Just don't tell the SEC.

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