{"id":122602,"date":"2025-12-23T15:30:18","date_gmt":"2025-12-23T15:30:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=122602"},"modified":"2025-12-23T15:30:18","modified_gmt":"2025-12-23T15:30:18","slug":"dogecoins-53000-surge-shows-renewed-interest-but-why-is-doge-price-lagging","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=122602","title":{"rendered":"Dogecoin\u2019s 53,000% Surge Shows Renewed Interest, But Why Is DOGE Price Lagging?"},"content":{"rendered":"

Dogecoin has seen a significant surge in its futures trading volume, indicating renewed interest among investors. However, the DOGE price is still lagging, hovering just above the psychological $0.10 level, amid the broader crypto market downtrend<\/a>.<\/p>\n

Dogecoin Sees 53,000% Surge In Futures Trading Volume<\/h2>\n

CoinGlass data<\/a> shows that Dogecoin\u2019s futures trading volume surged as much as 53,000% on BitMEX, reaching just over $260 million in the process. The top meme coin has also seen its futures trading volume<\/a> on other major exchanges such as Kraken, Binance, and Bybit surge over the last 24 hours, providing a bullish outlook for DOGE. This has led to a 10% surge in the trading volume across all exchanges, reaching $2.6 billion.\u00a0<\/p>\n

Related Reading: Dogecoin Reclaiming $0.128 Support Could Signal The Perfect Chance For Long Positions<\/a><\/p>\n

Notably, the Dogecoin long\/short ratio has increased to 0.9 in the last 24 hours, indicating that more traders are betting on a potential DOGE price increase. Meanwhile, the long\/short ratio on Binance is at 2, suggesting that most Binance traders remain bullish on the foremost meme coin. This development comes as the crypto market anticipates a potential \u2018Santa rally\u2019<\/a> to end the year.\u00a0<\/p>\n

This could provide some relief for Dogecoin, which has been on a massive downtrend since the October 10 crash. The meme coin is now down over 58% year-to-date (YTD). The DOGE price has also continued to lag despite the surge in futures trading volume. The meme coin continues to mirror Bitcoin\u2019s price action<\/a>, with the flagship crypto currently struggling to climb above $90,000.\u00a0<\/p>\n

The DOGE price has also lagged due to the disappointing launch of the Dogecoin ETFs. SoSo Value data<\/a> shows that the funds continue to fail to log net inflows, recording zero flows over the last eight trading days. The trading volume for these funds has also been low during this period.\u00a0<\/p>\n

What\u2019s Next For The DOGE Price?<\/h2>\n

In an X post<\/a>, crypto analyst Kevin Capital stated that a reclaim of $0.138 for the DOGE price on the 3-day to 1-week close would put it back above the macro .382 and the 200-week SMA. The analyst noted that this would be a major positive and likely align with the Bitcoin price<\/a> reclaiming the $88,000 to $91,000 zone, which needs to happen.\u00a0<\/p>\n

Kevin Capital further revealed that in the meantime, the DOGE price continues to trade around this \u201cDCA\u201d zone.\u00a0 Analyzing the 2-week chart, crypto analyst Trader Tardigrade stated<\/a> that Dogecoin looks to be approaching the end of the pre-surge phase. His accompanying chart showed that the meme coin could still rally<\/a> to $6 when the parabolic surge begins.\u00a0<\/p>\n

At the time of writing, the Dogecoin price is trading at around $0.13, down in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin has seen a significant surge in its futures trading volume, indicating renewed interest among investors. However, the DOGE price is still lagging, hovering just above the psychological $0.10 level, amid the broader crypto market downtrend. Dogecoin Sees 53,000% Surge In Futures Trading Volume CoinGlass data shows that Dogecoin\u2019s futures trading volume surged as much […]<\/p>\n","protected":false},"author":0,"featured_media":122603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-122602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/122602"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122602"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/122602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/122603"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}