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Dogecoin trading volume spikes 123% despite weak price action near support levels

Technical Signals
24 Jul 2026
UToday
View Source
Neutral
pluang ai news

Dogecoin (DOGE) has seen a significant 123% increase in its 24-hour trading volume, reaching about $219 million in spot volume and $1.5 billion in futures volume. This surge in activity comes even as DOGE trades near multi-month lows around $0.069, below key moving averages, indicating ongoing bearish pressure. The rise in volume suggests heightened trader interest, possibly from accumulation or capitulation, but price trends remain negative with lower highs and lows. For a bullish reversal, DOGE needs to break above the 26-day EMA at $0.074 and then challenge resistance near $0.087.

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