Dogecoin (DOGE) stands out as the only cryptocurrency among the top 20 by market cap to see a significant increase in 24-hour trading volume, rising by 92.7% to about $1.55 billion. While major cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and BNB experienced volume declines ranging from 35% to over 55%, Dogecoin's volume growth signals renewed trader interest and potential new capital entering the market. This volume surge accompanied a nearly 6% price increase, pushing DOGE back to its 50-day moving average despite a generally bearish market structure. Derivative data also shows bullish sentiment with more long positions than shorts and positive futures inflows, suggesting optimism among leveraged traders. However, Dogecoin still faces technical challenges ahead, but the volume spike is a positive early sign.
High-cap memecoins like SHIB, PEPE, and DOGE have seen significant capital inflows, with SHIB leading a 37% rally supported by whale buying and increased token burns. This concentrated speculative interest is driving momentum but also raising risks d...
Shiba Inu (SHIB) surged 36% to $0.0000057, reaching its highest level in over two months and boosting its market cap to around $3.4 billion. The rally was driven by heavy trading on South Korea’s Upbit exchange, which accounted for over 10% of global...
Leveraged long positions in Dogecoin (DOGE) rose sharply in USDT-margined futures, while Bitcoin (BTC) and Ethereum (ETH) saw slight declines in long exposure, indicating traders are rotating risk toward more volatile assets. This shift is driven mai...
Dogecoin-backed ETFs experienced a brief surge in inflows on July 21, with $345,130 injected, but daily inflows quickly dropped to zero in the following days. Despite this, ETFs recorded their first positive week since mid-June, totaling $12.12 milli...
Dogecoin has returned to a key long-term support zone near $0.07 after falling from its late-2024 peak around $0.48. The coin recently broke below a crucial weekly support level near $0.071, increasing the risk of further declines toward $0.065 and $...
