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This surge highlights growing investor interest and hints at potential bullish momentum as DOGE consolidates near the crucial $0.20 level.
Dogecoin’s surging trading volume is a key signal of rising market participation and brewing volatility. The latest spike aligns with a renewed wave of meme coin enthusiasm, as traders and retail investors pivot toward high-liquidity assets ahead of a potential crypto rally.
Historically, Dogecoin’s volume upticks have often foreshadowed major price swings, making this momentum a crucial indicator for market watchers.
On the other hand, the $0.20 level remains a key psychological pivot for Dogecoin, serving as both resistance and support in recent months. Continued consolidation around this zone signals strong accumulation, hinting at potential breakout momentum if broader crypto sentiment improves.
 
Technical indicators suggest that the $0.22–$0.25 range will be the next resistance zone if DOGE maintains its current strength.
Dogecoin Whales Sell 500 Million DOGE in a Week
Despite surging trading volume, Dogecoin whales have dumped over 500 million DOGE in the past week, fueling debate over mounting sell pressure and a potential shift in market sentiment.
According to renowned market analyst Ali Martinez, the $100 million sell-off highlights how whale activity continues to shape investor confidence and market sentiment in Dogecoin.
On-chain data reveals that wallets holding between 10 million and 100 million DOGE drove most of the recent selling. Historically, such large-scale sell-offs have triggered short-term price dips, often followed by renewed accumulation as smaller investors seize buying opportunities.
Despite significant liquidations, Dogecoin has held firm near the key $0.20 psychological level, showcasing strong market resilience. This stability indicates that retail and mid-tier investors may be absorbing selling pressure.
Moreover, whale sell-offs don’t always imply bearish intent; they often signal portfolio rebalancing or profit-taking following recent bullish momentum. Meanwhile, DOGE’s bullish run to $0.45 is still in the picture, thanks to intensified consolidation.