$DOGE $XRP $DOGE
#Dogecoin (DOGE) $1.2 Billion Explosion Fading, #XRP 50% Price Spike Is New Massive Target, #Solana (SOL) Technical Cross Is Coming#
Trading volume for Dogecoin surged significantly recently, hitting an all-time high of $1.2 billion. The sudden surge in activity caused traders and investors to jump on DOGE, temporarily driving up its price. The price momentum does, however, seem to be slowing down as the volume starts to decline, suggesting that a decline may occur soon. During this surge, Doge reached a high of $0.124; since then it has begun to lose ground and is currently trading at roughly $0.1205.
When the volume returns to more normal levels, the price action suggests that buying power may have run out. If the buying pressure does not come back, this change in market dynamics may result in a more significant retreat. Whales and speculative traders were a major factor in the abrupt volume spike, but it appears that there is not any persistent buying interest at these high levels.
Given the decreasing volume, DOGE might find it difficult to hold onto its current price. Prices may retrace further and test some of the major support levels if volume returns to presurge levels. The 50-day moving average is located around $0.117, which is the first notable support level to keep an eye on