Dogecoin has formed a golden cross, signaling a potential rebound after a weekly low as its price action and volume pick up. CoinMarketCap data shows Dogecoin moved from a daily low of $0.08744 to a peak of $0.09157, and as of this writing is around $0.09039, a 1.13% gain in the last 24 hours. The trading volume has surged by 87.16% to $1.12 billion in the same period, driven mainly by derivatives activity and whale accumulation.
A notable whale reportedly bet $359,000 long on DOGE on Binance futures. If open interest and volume stay above the $1 billion level, Dogecoin could sustain upside momentum. The current volume spike marks a reversal from March 6, when DOGE volume slumped by about half, reflecting subdued trading activity, especially in the derivatives market. Dogecoin’s volume typically tracks its price action, and the rebound suggests positive support.
However, volatility remains a risk as RSI has fallen to 40.94, indicating limited upside unless meme-coin interest increases. Analysts remain cautiously optimistic; Trader Tardigrade, cited by U.Today, argues that DOGE could hit $1.60 by year-end 2026, a roughly 1,670% rise. February closed in the red for Dogecoin, marking the fifth consecutive month below its monthly average.
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