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Dogecoin saw a major volume drop Since he reached two -year heights in November 2024. This drop in volume has been followed by a sharp drop in DOGE’s price, which has resulted in more than 50% of the value of the memes part which was lost in less than six months. With the volume remaining in a mute, it may The price drop could continue And dive investors into even more losses.
The daily volume of Dogecoin remains less than $ 5 billion
Over the past four months, the daily volume of Dogecoin has seen a regular volume plunge. The daily volume reached a higher level above $ 60 billion on November 13, 2024, but at the end of March 2025, the daily negotiation volume dropped below $ 3 billion, resulting in more than 90% volume in just four months.
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Since then, Rininglass data shows There has been a certain increase in daily trading volume. However, it is far from notable because the daily average of Dogecoin fell below $ 5 billion for all April 2025 so far. This drop in volume also coincides with the drop in prices, which suggests that there is a change in the volume, the Dogecoin price could continue to fight.
Due to the drop in prices, long traders have suffered the most as recovered control of the cryptography market. On Sunday, with more than $ 4 million in liquidations, more than 80% came from long traders, because declins assembled due to the down pressure.
Most of the drop has been Pushed by Donald Trump’s pricesThis has led the stock market to reach its worst accident since 2010. Altcoins like Dogecoin have naturally undergone more losses because of their very volatile nature to be coins and fell by more than 50% compared to the decrease of 25% bitcoin.
Not everyone is lower
Despite the overwhelming pressure of the bear that covered the cryptography market, An increase around the price of Dogecoin continues to increase. One of those who have remained firmly in their spark is the merchant of the Tardigrade crypto analyst.
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In a post X (formerly Twitter), the cryptographic analyst noted Similarities with the 2016 and 2021 cycles where the price of Dogecoin has experienced notable movements. According to the table, there have been similar training pointing towards a possible push for Doge.
If this takes place accordingly, then the price of the Doges could look at more than 1,500% price increase As Crypto analyst set the goal up to $ 2.1. “Dogecoin is about to go up again,” said the analyst.
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