DOGECOIN (DOGE) experienced a sharp drop in its long -term negotiation volume, significantly from $ 58.2 billion in November 2024 to only $ 992 million in February 2025. This spectacular reduction in the volume of trading highlights a cooling of the interests of investors and market speculations, potentially signaling a downward perspective for Altcoine. Despite this, the price action indicates potential bulls, leaving traders and investors wondering if a recovery is imminent.
Down -term trading volume
The sharp drop in the volume of Dogecoin’s term exchange has been one of the most notable trends in recent months. In November 2024, the market experienced a significant increase in commercial activities, Doge Futures reaching a peak of $ 58.2 billion. This volume wave coincided with the Doge price reaching $ 0.308, reflecting speculation and increased trading frenzy. However, the enthusiasm was short -lived.
Over the weeks, the volume of negotiation began to decrease gradually and, at the beginning of 2025, the daily volumes had always dropped below 5 billion dollars. This sustained drop suggests that the speculative interest in Dogecoin has decreased, perhaps due to broader market conditions or decreasing yield of speculative trades. If this trend continues, the downward pressure on the Doge price could intensify. On the other hand, if the volume of trading starts to increase, it could point out a renewed interest and lead to a price rebound.
Decrease in network activity
In addition to the drop in the volume of term exchanges, the activity of the Dogecoin network has also experienced a significant drop. The creation of new addresses, a key indicator of the use and interest of the network, has dropped considerably. In November 2024, nearly 1.29 million new addresses were created, pointing out a strong interest in the network and a correlation with higher Doge prices. However, this figure has since fallen to only 30,815 new addresses, indicating a net slowdown in the network engagement and a drop in overall interest in cryptocurrency.
This decrease in network activity is parallel to the drop in Doge’s price, which has dropped accordingly. While the new creation of addresses slows down, Doge’s demand decreases, contributing to its lower price action. However, despite these signs of low market feeling, there is a glimmer of hope for Dogecoin, because technical indicators show a potential turning point.
Technical indicators indicate a possible rebound
Despite the downward trend in the volume of negotiation and network activity, the TD sequential indicator recently flashed a purchase signal for DOGE. This signal suggests that the current downward trend could end, indicating a potential reversal and preparing the ground for a recovery in prices. DOGE is currently stabilizing around $ 0.21267, which could be a significant level of support.
Historically, these purchase signals have often preceded price increases, especially when supported by a favorable feeling on the market. If the buyers regain control and the optimistic momentum picks up, Doge could review its price increase. A rupture above the current support level could push Doge to higher resistors and possibly review the previous price levels.
Potential prospects and risks
Dogecoin perspectives remain uncertain, some key factors determining its future trajectory. If DOGE can maintain the support greater than 0.21267 and continue to stabilize, the purchase signal could result in prices. However, if the feeling of the market fails to become positive and Doge loses its level of support, it could undergo additional drops, testing lower price limits.
The key to Dogecoin recovery lies in the return of speculative interest, which could bring the volume and activity of the network to more favorable levels. Without this, the current downward trend can persist, keeping Doge under pressure. Traders and investors should remain vigilant while Altcoin sails through this uncertain period.
Publication views: 3