🚀 Dogecoin Defies Gravity: Trading Volume Surges 75% in Explosive Rally

Memecoin madness is back—and this time, it's got institutional FOMO written all over it.

## The Doge Awakens

Dogecoin just ripped through resistance levels like a Shiba Inu through a dog park. With trading volume exploding 75% overnight, the OG memecoin is reminding Wall Street that retail still runs this circus.

## Liquidity Tsunami

Market makers are scrambling as DOGE's order book flips from stagnant to hyperactive. That volume spike isn't just day traders—look for whale-sized block trades hitting dark pools.

## Sentiment Supercycle

Futures open interest is climbing faster than a Bitcoin maximalist's blood pressure. Contango in the derivatives market suggests this rally might have legs—or at least enough leverage to limp through Q3 earnings season.

Remember when hedge funds laughed at 'joke' coins? Now they're hedging with Shiba Inu ETFs. The financialization of memes is complete—just in time for the next liquidity crisis.

In Brief

• Dogecoin records a 75% increase in volume, challenging the technical resistance at $0.27.
• $0.26 support holds firm, attracting crypto traders despite strong macroeconomic uncertainty.

Dogecoin attracts crypto traders with exploding volume

July 22nd saw a surge in activity on Dogecoin. The trading volume of this crypto asset indeed, compared to a usual average of $408 million. This spike indicates a return of trader interest despite a tense macroeconomic context.

That’s not all! The Doge price is currently moving within a tight range from $0.26 to $0.27. However, retracement signals on high-volume candles are drawing attention.

Thethus acts as a strong resistance. Despite breakout attempts, selling pressure dominated at the end of the session, pulling Dogecoin’s price back toward $0.26.

Note that at 05:06 GMT, a one-minute candle registered a peak of $10.47 million in trading. Hence, the sudden $0.01 drop, a sign of strong algorithmic activity or tactical profit-taking.

The memecoin DOGE defends its support, are the signals bullish?

Several rebounds at the $0.26 level indicate a well-defended technical support zone. The analysis indeed shows a discreet but real accumulation. Crypto traders are therefore betting on.

• The RSI indicator remains neutral.
• The MACD shows stagnation.

This signals a waiting phase before potentially a bullish breakout.

Another point: institutional investors observe Dogecoin as a speculative “high beta” bet, meaning it is very sensitive to overall market movements. To, crypto analysts will need to monitor:

• volume above $750 million;
• a clean close above $0.27.

Conversely, a drop below $0.256 could trigger stop orders and bring the price down to around $0.24.

In an unstable context, dogecoin certainly demonstrates an astonishing defensive capability. Its behavior catches the eyes of crypto traders, with technical signals to watch closely for the rest of the cycle.

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