Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Meme coins surge as DOGE volume reaches $10 billion and IntelMarkets tops weekly performance.
Table of Contents
Meme coins are proving their strength, and Dogecoin (DOGE) is leading the charge. With its trading volume skyrocketing to an impressive $10 billion, it’s clear that the meme coin craze is not over.
While DOGE shines, IntelMarkets is taking the crown for weekly gains, showing it’s not just about fun and memes even while still in its presale.
Dogecoin’s $10 billion volume
Dogecoin is showing remarkable strength, with its 24-hour trading volume recently hitting a staggering $10.37 billion, a 67.67% increase. This surge in volume reflects the growing enthusiasm around meme coins, which has now surpassed Porsche’s market cap at $58 billion. Volume increases signal strong market participation, highlighting DOGE’s role as a dominant player in the crypto space.
However, Dogecoin’s momentum appears to be waning. The Ichimoku Cloud and DMI indicators suggest a consolidation phase, with Dogecoin trading near key support levels. The price action is currently fluctuating within the cloud, signaling uncertainty in market direction. A break above the $0.48 resistance could propel DOGE toward $0.50-$0.60 while failure to hold the $0.36 support might lead to a sharp decline.
The EMA lines also indicate a weakening trend. The potential formation of a death cross suggests that bullish momentum may be losing strength. A sharp reversal could happen if Dogecoin falls below the critical $0.36 support, possibly pushing it down to as low as $0.14.
