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Dogecoin has seen a large decrease in the volume since he reached two-year highlights in November 2024. This volume decrease was followed by large decreases in the Doge price, which led to more than 50% of the value of the meme coin that was lost in less than six months. With the volume that remains filled, it is possible that this price decrease can continue and investors can deposit into even more losses.
Dogecoin Daily Volume remains lower than $ 5 billion
In the past four months, the Dogecoin Daily Volume has seen a steady volume dive. The daily volume reached a high over $ 60 billion on November 13, 2024, but by the end of March 2025 the daily trade volume dropped below $ 3 billion, which resulted in a decrease in the volume of more than 90% in just four months.
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Since then, Coinglass data to show There is some increase in daily trading volume. However, it is far from remarkable, because the daily average for Dogecoin has been released less than $ 5 billion from April 2025 so far. This fall in the volume also coincides with the price decrease, which suggests that unless there is a change in the volume, the Dogecoin price can continue to struggle.
As a result of the fall in price, long traders have the most ago as bears recovered control over the cryptomarket. On Sunday, with more than $ 4 million in liquidations, more than 80% came from long traders when decreases were mounted due to the bearish pressure.
The majority of the decline has been Driven by the rates of Donald TrumpAs a result of which the stock market has reached its worst crash since 2010. This has translated into a bear market, where the Bitcoin price drops to $ 80,000. Altcoins such as Dogecoin have suffered more losses by nature because of their very volatile character of being meme coins and have fallen by more than 50% compared to the fall in Bitcoin.
Not everyone is Bearish
Despite the overwhelming boom that has covered the crypto market, bullishness continues to rise around the price of the Dogecoin. One of those who have remained steadfast in their bullishness is Crypto analyst dealer Tardigrade.
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In an X (formerly Twitter) message, the crypto analyst noted Agreements with the Cycli of 2016 and 2021 where the price of the Dogecoin saw remarkable movements. According to the graph, there have been comparable formations that indicate a possible increase in doge.
If this plays accordingly, the doge price could stare a staring price increase of more than 1,500%, since the crypto analyst has set the target of up to $ 2.1. “Dogecoin is about to rise again,” said the analyst.
Graph of TradingView.com