The Night Before the Dogecoin Surge! 5.8 Billion DOGE Flowing, Trading Volume Surges by 21.5%, Is This 'Dog' About to Soar?
In the past 24 hours, 5.8 billion Dogecoins have been transferred, indicating a change in market behavior. Although the price of Dogecoin is currently $0.3983, down 1.68%, its trading volume has surged by 21.50%, reaching $3.64 billion.
The increase in trading volume, along with previously dormant tokens starting to flow, suggests that the market may be experiencing significant changes. Combined with technical indicators like the 200-day EMA, DOGE may soon enter a bullish phase, which also intensifies market speculation.
The movement of 5.8 billion tokens has driven significant volatility in the price of Dogecoin.