hold or not - 6.2 Billion Dogecoin in 24 Hours Sets DOGE on New Path

Although data shows Dogecoin (DOGE) dropped by 2.59%, trading at $0.1063, the popular meme cryptocurrency has hidden bullish potential. Within the past 24 hours, DOGE has soared in market volume, climbing 22.78%. This has led to 6.2 billion Dogecoin exchanging hands on the market.

DOGE surges in trading volume - Growing investor confidence? Notably, the surge in Dogecoin market volume signals increased interest and liquidity. These two factors stabilize the market and could prevent a sell-off from DOGE holders, especially whales.

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Notably, when trading volume rises, it shows that more buyers and sellers are participating in the trade in a near-balanced interaction. Therefore, even DOGE whales' actions will not negatively affect the coin's price. Whales can sell their position without causing a sharp price decline. The prevailing market performance of DOGE shows that the meme coin may soon experience a price rebound. Significantly, the higher trading volume also reflects investors' growing confidence in the asset. This renewed confidence would help maintain stability and a price rebound soon. With this increased volume, short-term traders might choose to bet on Dogecoin. If that happens, market activity will receive a further boost and prevent a sharp sell-off, which would have caused a sustained price decline. DOGE on path to price rally Dogecoin’s 6.2 billion record underscores many important forecasts for the coin. With increased uncertainty in the broader meme coin, the long-awaited DOGE reset may start from here.

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The trading volume boost may also prevent panic selling from asset holders. This stabilization and rising volume may set DOGE on a new path of upward price movement. DOGE faced a crucial stress test recently but has shown resilience by rebounding from the $0.1050 level. With volume and whale actions gaining speed, the Dogecoin price may move in tandem with a forecast from top analyst Ali Martinez, who noted that a DOGE price rally is ahead.