Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
DOGE 
PEPE 
SHIB TLDR
Catalog
TLDR
DOGE rose 10% in 24 hours, in line with the gains of other established memin coins.
PEPE led the gains with a 19% gain, while Shiba Inu (SHIB) rose 10% like Doggecoin.
Daily trading volume of Dogecoin surged 3.5 times to approximately US$1.28 billion.
Dogecoin has been connected to the Paxos network used by PayPal and Venmo.
Dogecoin broke through the trend line since May and cleared the 4-hour resistance level.
Dogecoin has increased by 10% in the past 24 hours. This trend coincides with the rise of other established memin coins.
Pepe coins rose the most among this group, reaching 19%. Shiba Inu coins, like dog coins, rose by 10%.
These three tokens usually set the tone for the entire memin sector. This time, the total market value of the sector increased by more than 5.37%.
Total trading volume of memin also rose, climbing 189% to approximately US$4.14 billion.
Part of the reason for the rise in Dogecoin is due to the broader market environment. The U.S. Treasury Department this week doubled the size of its long-term bond repurchase program.
This move increased liquidity to the market and also reduced the attractiveness of the US dollar, thus serving as a basic asset to boost DOGE's rise.
Key drivers behind price changes
Daily trading volume of Dogecoin surged 3.5 times to approximately US$1.28 billion. The trading volume on this day alone exceeded more than half of the entire week's trading volume for the token.
This week, DOGE also successfully connected to the Paxos network. Paxos provides support for payment functions within PayPal and Venmo.
This allows Dogecoin to access more payment tools already used by millions of users and may help drive future trading activities.
However, not all signals point to institutional interest. Since a net outflow of $564,000 on August 13, the DOGE Spot ETF has remained silent.
This suggests that this round of gains is mainly driven by retail investors and speculative traders, rather than large institutions.
What the chart shows
On the chart, Dogecoin broke through a major trend line that has been maintained since May. It removes the resistance of the 4-hour trend line, including its starting point. 
As buying continued, a bullish gold cross on the moving average was formed. The cumulative volume difference showed that more than 132 million DOGE units were purchased during a single 4-hour trading session.
Funding rates have remained positive since August 5. This means that traders holding long positions have been paying premiums to maintain their positions.
Dogecoin is currently trading at a level above US$0.0750, an area that was previously difficult for it to break. The token still needs to clear the next supply area to confirm further upside.
