[What happened to Dogecoin, which had a trading volume of $1.15 billion in 24 hours? 】
Dogecoin (DOGE) price may be about to rebound, with a bullish signal emerging today. The recent period of consolidation has troubled traders, but market sentiment is gradually turning optimistic and DOGE may be heading for a rally.
First, DOGE’s trading volume increased by 52.36% to $1.15 billion, indicating the return of bullish sentiment in the market and increased investor interest in the meme coin. Despite DOGE's lackluster performance, increased trading activity suggests investors may be buying the dip. DOGE price surged to highs of $0.20 last time trading volumes exceeded $1.5 billion.
Additionally, DOGE options’ open interest (OI) volume surged 82.66% in 24 hours to reach $169.49K, indicating rising investor bullish sentiment. Growth in OI typically drives price growth, which is a key indicator.
DOGE price currently stands at $0.1064, and although it fell 1.09% in the past day, it has gained 24.72% in the past seven days, successfully recouping its recent losses.
Overall, traders are anticipating more gains for DOGE after a brief correction as market sentiment picks up, which is consistent with the coin’s typical rise pattern in the past.
