Dogecoin’s trading volume surged by over 33%, reaching $3.57 billion, indicating growing investor interest and a potential rally.
DOGE’s strong correlation with Bitcoin (0.91) suggests that as Bitcoin rises, Dogecoin may also experience substantial gains.
DOGE has secured some gains in recent months, but remains far below its all-time highs. However, recent metrics show a bullish trend on the horizon.
With rising trading volume and a strong correlation with Bitcoin, Dogecoin appears well-positioned for further price increases, supported by investor confidence and market enthusiasm.