#DOGE DOGE Riot Eve! 5.8 billion DOGE in circulation, volume surged 21.5%, is this 'dog' going to fly?

In the past 24 hours, 5.8 billion DOGE have been transferred, indicating a change in market behavior. Despite the current price of DOGE being $0.3983, a decrease of 1.68%, its volume has surged by 21.50% to reach $36.4 billion.
The increase in volume, as well as the tokens that have been dormant and are now starting to circulate, may indicate that the market is undergoing significant changes. Combined with technical indicators such as the 200-day EMA, DOGE may soon enter a bullish phase, which also intensifies market speculation.
The circulation of 5.8 billion tokens has driven a significant fluctuation in the price of DOGE.
The price of DOGE has experienced a large volume of trading in the past 24 hours, with 5.8 billion tokens traded. Previously, these tokens had been inactive for some time.
From the trading chart of DOGE, the volume has been soaring. Generally, the change in volume can roughly reflect the price trend of shitcoins. When the volume increases significantly, it usually means that market behavior has changed, which also drives the rise in DOGE price.
Recent developments indicate that DOGE is making a strong comeback, attracting the attention of both long-term holders and new investors.
The market changes are often reflected in the tokens that have not been liquid for a long time starting to become active. Typically, this means that long-term holders may be selling, or new market participants are joining.
As the market reacts more to these changes, the increase in activity may also mean that price fluctuations are about to begin.
Whale activities and accumulation stages imply that a breakthrough is coming soon
DOGE is currently in the accumulation phase, with prices fluctuating within a narrow range. Earlier this month, DOGE reached a high point, but on the third day after a significant decline, it also hit a low point.
Since then, the price of DOGE has been fluctuating between support at $0.3384 and resistance at $0.4831. This is the most typical stalemate phase in the market, with neither side gaining the upper hand for the time being.
Although the market is currently in a consolidation phase, this trend usually leads to a breakthrough at some point. The increase in whale activity may be the catalyst for pushing prices in a new direction.
Recently, the activities of whales have attracted special attention. Whale investors have heavily invested in DOGE, a behavior that is common and often indicates that the market may be facing manipulation or significant changes.
Whales typically have enough funds and influence to drive prices in any direction. Their market actions often result in price surges, especially when they enter collectively.
From a technical perspective, DOGE has shown a bullish trend.
DOGE's technicals also show signs of an uptrend. The 200-day EMA is an important indicator, especially on the 3-day chart, where we can see the slope of the 200-day EMA is trending upwards.
In history, every time DOGE breaks above the 200-day EMA, it is accompanied by strong upward momentum. This breakthrough typically triggers a strong bullish trend, as the price tends to rise significantly when the EMA starts to rise.
Now, the 200-day EMA is rising, and many traders believe this could be a signal of a new bull market. In fact, the rising EMA, coupled with the recent surge in volume, suggests that the price of DOGE may see another increase.
Disclaimer: There are risks in the market, invest cautiously! #你下一个准备买入的Meme币是什么？