DOGE volume reached 60.9 billion within 24 hours

DOGE reappears bullish pattern

DOGE (DOGE) is striving to maintain above the $0.4 price level and recently dropped by 2.04% to $0.3973. In this bearish trend, DOGE whales have been very active, as noted by IntoTheBlock (ITB). According to this update, the significant volume of this meme coin has surged by 41.12% in the past 24 hours. This intense activity indicates that the DOGE price may reclaim lost ground and experience a substantial increase.

DOGE reproduces old trends

DOGE's large volume rally has resulted in these high-net-worth traders trading more than 60.9 billion DOGE. Interestingly, the 60.9 billion DOGE coincides with a related figure recorded earlier this week.

Historically, massive increases in whales have often preceded significant price increases. Within a 24-hour price mark, more than 9,400 large transactions were registered. These $100,000 deals prove that mere speculation can't spark growing adoption.

The actual daily volume also supplements this indicator. According to CoinMarketCap's data, this indicator is decreasing, reducing the losses in the past 24 hours. The total volume exceeds 3.47 billion US dollars, and the long-awaited change is expected to come soon.

How high can DOGE rise?

While most digital currencies have experienced valuation cuts over the past few weeks, there is a strong expectation that DOGE will retest its all-time high (ATH) of $0.7376 in this bull cycle.

In addition to measurable chain metrics, the social mention of D.O.G.E around Elon Musk is also helping to reshape the overall sentiment. Many entities imply that DOGE will achieve associated growth as Elon Musk's promotion may grow over time.