{"id":57248,"date":"2025-04-07T06:30:15","date_gmt":"2025-04-07T06:30:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57248"},"modified":"2025-04-07T06:30:15","modified_gmt":"2025-04-07T06:30:15","slug":"dogecoin-volume-remains-low-as-price-tanks-analyst-says-another-surge-is-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57248","title":{"rendered":"Dogecoin Volume Remains Low As Price Tanks, Analyst Says Another Surge Is Coming"},"content":{"rendered":"

Dogecoin has seen a major drop in volume <\/a>since hitting two-year highs back in November 2024. This volume drop has been followed by large declines in the DOGE price, leading to over 50% of the meme coin\u2019s value that has been lost in less than six months. With the volume remaining muted, it is possible that this price drop could continue<\/a> and plunge investors into even more losses.<\/p>\n

Dogecoin Daily Volume Remains Below $5 Billion<\/h2>\n

Over the last four months, the Dogecoin daily volume has been seeing a steady volume plunge. The daily volume hit a high above $60 billion on November 13, 2024, but by the end of March 2025, the daily trading volume dropped below $3 billion, resulting in an over 90% drop in volume in only four months.<\/p>\n

Since then, Coinglass data shows<\/a> there has been some increase in the daily trading volume. However, it is far from notable as the daily average for Dogecoin has come out below $5 billion for the entire of April 2025 so far. This drop in volume also coincides with the price decline, which suggests that unless there is a change in the volume, the Dogecoin price could continue to struggle<\/a>.<\/p>\n

As a result of the price decline, long traders have suffered the most as bears reclaimed control of the crypto market. On Sunday, with over $4 million in liquidations, over 80% were from long traders as declines mounted due to the bearish pressure.<\/p>\n

Most of the decline has been driven by Donald Trump\u2019s tariffs<\/a>, which have caused the stock market to hit its worst crash since 2010. This has translated into a bear market, with the Bitcoin price falling toward $80,000. Altcoins like Dogecoin have naturally suffered more losses due to their highly volatile nature of being meme coins and have dropped by more than 50% compared to Bitcoin\u2019s 25% decline.<\/p>\n

Not Everyone Is Bearish<\/h2>\n

Despite the overwhelming bear pressure that has blanketed the crypto market, bullishness around the Dogecoin price continues to rise<\/a>. One of those who have remained steadfast in their bullishness is crypto analyst Trader Tardigrade.<\/p>\n

In an X (formerly Twitter) post, the crypto analyst pointed out<\/a> similarities to the 2016 and 2021 cycles where the Dogecoin price saw notable moves. According to the chart, there have been similar formations pointing to a possible surge for DOGE.<\/p>\n

If this plays out accordingly, then the DOGE price could be staring down an over 1,500% increase in price<\/a> as the crypto analyst has set the target as high as $2.1. \u201cDogecoin is about to Surge again,\u201d the analyst said.<\/p>\n

Chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin has seen a major drop in volume since hitting two-year highs back in November 2024. This volume drop has been followed by large declines in the DOGE price, leading to over 50% of the meme coin\u2019s value that has been lost in less than six months. With the volume remaining muted, it is possible […]<\/p>\n","protected":false},"author":0,"featured_media":57249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57248","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\/57248"}],"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=57248"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57249"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}