The size of Dogecoin is still as low as price tanks, the analyst says another increase
The cause of confidence
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Dogecoin has seen a significant decrease in size since it reached its highest level for two years in November 2024. This decreased in size followed a significant decrease in the price of DOGE, which led to more than 50 % of the value of Meme, which was lost in less than six months. With the silent size remains, this prices can continue and investors drown in more losses.
Daily Dogecoin size is still less than $ 5 billion
Over the past four months, the size of Dogcoin Daily has been witnessing a steady diving. The size of the daily folder reached above 60 billion dollars on November 13, 2024, but by the end of March 2025, the daily trading volume decreased to less than 3 billion dollars, which led to a decrease in size by more than 90 % in only four months.
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Since then, Coinglass data He appears There was some increase in the daily trading volume. However, it is far from the noticeable as the daily average of Dogcoin has decreased to less than $ 5 billion for April 2025 so far. This decrease in size also coincides with low prices, indicating that unless there is a change in size, the price of Dogecoin may last in the struggle.
As a result of low prices, traders have suffered a larger time than the reclaimed control of the encryption market. On Sunday, with more than $ 4 million in the rank, more than 80 % of the traders extended with declines due to the declining pressure.
Most of the decline was Payed by Donald Trump’s definitionsWhich has caused the stock market to decrease since 2010. This has been translated into the bear market, with the price of bitcoin a decrease of about 80,000 dollars. Altcoins, like Dogecoin, was naturally exposed to more losses due to its very volatile nature in the fact that it is Meme coins and decreased by more than 50 % compared to a 25 % Bitcoin decrease.
Not everyone is down
Despite the pressure of the overwhelming bear that installed the encryption market, the climb about the price of Dogecoin is still rising. One of those who remained steadfast in difficulties is Tardigrade.
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In the X (formerly on Twitter), the encryption analyst Indicate Similar aspects with 2016 and 2021 sessions, where the price of DOGECOIN witnessed noticeable movements. According to the scheme, there were similar formations indicating a possible increase in DOGE.
If this is operated accordingly, the DOGE price may stare with an increase in the price by more than 1500 % as the encryption analyst set the target up to $ 2.1. “Dogecoin is about to rise again,” the analyst said.
The graph from Tradingview.com
