Dogecoin (DOGE) price is up 10% in the last 24 hours, catching the eye of traders with increased activity. The recent surge in trading volume and trend indicators like ADX reflect growing interest in the market. This bullish momentum is further supported by the positioning of DOGE’s EMA lines, pointing to a potential continuation of the uptrend.

If this strength holds, DOGE could soon test key resistance levels, with room for further gains. However, a reversal could lead to a retest of support zones, making it an important time to watch for trend changes.

DOGE Daily Volume Recently Crossed $ 2 Billion

DOGE’s daily trading volume recently spiked to $2.27 billion, the highest since August 5. It has since settled slightly, now sitting at $2.12 billion. Such a surge in volume indicates heightened activity, drawing the attention of traders and investors alike.

This uptick in volume can signal potential shifts in the market trend, making it a key metric for assessing buying or selling pressure.

Tracking trading volume is crucial because it provides insight into the strength behind price movements. The recent surge in DOGE’s volume appears to correlate with its price increase, from $0.10 to $0.134 between October 10 and October 18.

Higher trading volumes often indicate a stronger market conviction, and in this case, it suggests that the price rise has significant backing. The increase in activity supports the notion that investors have confidence in the current trend, potentially pushing DOGE towards further gains.

Read more: How To Buy Dogecoin (DOGE) and Everything You Need To Know

Dogecoin’s Current Uptrend Is Strong

DOGE’s ADX currently sits at 34.12, climbing from just 13 just four days ago. This substantial increase indicates that DOGE’s market trend is gaining significant strength. The ADX, or Average Directional Index, helps measure the intensity of a trend, whether bullish or bearish, without considering its direction.

The sharp rise in DOGE’s ADX suggests that the market is experiencing a period of strong conviction, with the trend picking up substantial momentum. Such a rapid shift implies that investor sentiment has shifted notably, creating an environment ripe for further price action.

The ADX is a powerful tool for identifying the strength of trends. It ranges from 0 to 100, with values below 20 typically signaling a weak or non-existent trend, while values above 25 indicate a well-defined and strengthening trend.

DOGE’s current ADX value of 34 places it comfortably in the “strong trend” territory, signaling that recent price action is not just a brief spike but part of a sustained movement. Considering that DOGE’s price has already surged by 10% in the last 24 hours, the growing ADX adds credibility to the rally, suggesting that there is considerable momentum supporting the price action.

Although the current ADX is strong, it remains well below the levels seen during recent price spikes, such as between September 26 and September 28, when DOGE’s price surged by 30% and ADX reached almost 45. This suggests that there is still room for further strengthening and that the ADX could continue to rise if the uptrend persists.

If the current momentum continues, the ADX could easily climb higher, further validating the strength of the current trend and opening the door for more potential gains.

DOGE Price Prediction: Back To $0.17 In October?

DOGE’s EMA lines are currently in an uptrend, with the short-term EMAs positioned above the long-term EMAs and a considerable gap between them. This setup indicates a strong and healthy upward momentum.

Exponential Moving Averages (EMAs) are a type of moving average that gives more weight to recent price data, making them highly responsive to the latest market conditions.

They are used to identify trends, with shorter-term EMAs reacting quickly to price changes while longer-term EMAs move more gradually. When short-term EMAs are above the long-term ones, it typically signals an uptrend, suggesting that buyers have the upper hand and that momentum is building.

Read more: Dogecoin (DOGE) Price Prediction 2024/2025/2030

If DOGE’s current uptrend continues and strengthens, DOGE price could potentially test the $0.14 level and even challenge the resistance at $0.175—its highest price since May. This movement would represent a roughly 30% increase from current levels, showing the strength of the upward trend indicated by the EMA lines.

The significant distance between the short-term and long-term EMAs suggests that the bullish momentum has been building steadily, supporting the case for a continued push higher.

However, if the uptrend were to falter and reverse, DOGE would likely revisit key support zones at $0.12 and possibly even dip to $0.098, representing a potential 26% correction. The gap between the EMA lines would begin to narrow, signaling a weakening trend, and such a scenario could indicate a shift in market sentiment towards the bearish side.

• Rising interest in $STX is evident, but resistance at $2.07 could limit gains.
• $WIF faces declining volume, raising sustainability concerns despite price growth.
• $PEPE’s 35.49% volume increase signals heightened market activity and momentum.

Altcoins $STX, $WIF, $TON, $SUI, and $PEPE with their price ricochets have been swaying investor sentiment. These tokens, each with its own unique use-case, are showing varying price actions, with some nearing important support and resistance levels. 

Stacks ($STX) – Key Price Levels and Market Activity

Stacks ($STX) is trading at around $2.02, showing a slight upward trend of 0.89% in the past 24 hours. Support levels for $STX include $2.00, a psychological level where price bounces indicate strong buying interest. Below this, $1.98-$1.975 serves as another critical support range. 

Resistance sits between $2.05 and $2.07, where upward pressure typically falters. A break above $2.07 could signal renewed bullish momentum. The increased trading volume by 4.67% in the last 24 hours suggests growing interest, although the moderate volume-to-market cap ratio of 3.90% indicates steady rather than intense market activity.

Dogwifhat ($WIF) – Can the Rally Continue?

Dogwifhat ($WIF) has surged by 5.64%, currently priced at $2.36. Support zones are present at $2.23, a level that has seen significant buying pressure in recent dips. Should the price fall below this, $2.20 offers the next potential support.

On the other hand, resistance appears at $2.40, a level tested recently but met with selling pressure. Breaking through $2.40 could see a move toward $2.45. 

Despite the price increase, market activity shows a 5.39% decline in trading volume, which raises the question of whether the rally can last. A volume-to-market cap ratio of 26.56% still highlights strong interest in $WIF compared to other assets.

Toncoin ($TON) – Bulls Take Charge

Toncoin ($TON) is showing bullish momentum, up 4.34%, with a current price of $6.06. Support is at $5.80, a level that has proven solid for buyers. If the price falls, $5.75 offers the next support. 

On the upside, resistance lies at $6.10, where further gains could be capped. A break beyond $6.10 could push $TON toward $6.20, a key psychological level. 

The 16.65% rise in trading volume reflects strong buyer interest and momentum, while a 2.21% volume-to-market cap ratio indicates healthy trading activity in line with the overall market cap increase of 4.32%.

Sui Token – Eyeing for a Breakout

Sui ($SUI) has seen a significant price rise trading at $1.70, with recent consolidation between support at $1.697 and resistance at $1.725. 

After an initial surge, the token now fluctuates in this range, indicating balanced demand and supply at these levels. The 24.71% increase in trading volume over the last 24 hours shows active interest and could hint at further volatility.

Pepe ($PEPE) – Steady Uptrend with Growing Volume

Pepe ($PEPE) is riding a steady upward trend priced at $0.00001083, reaching a support level around $0.00000963. Resistance is observed near $0.00001078, a key level where price growth has paused. 

Read also: Here’s Why Meme Coins WIF, FLOKI, BRETT, BONK, PEPE Are Pumping Hard Today

Trading volume has increased by 35.49%, reflecting growing interest and active market participation. With a 17.18% rise in market cap, this token continues to gain momentum in the crypto space.

Trump joins many other leading Republicans in coming out against a CBDC. Florida governor Ron DeSantis, who came second to Trump in Iowa, was the first major candidate to speak out in opposition. Vivek Ramaswamy, a Bitcoin advocate, has said “hell no” to one. Tom Emmer, the House Whip, introduced a bill in Congress to ban a U.S. CBDC. Senator Ted Cruz of Texas did something similar in the upper chamber. North Carolina's House of Representatives passed a bill to outlaw a so-called “digital dollar” there.

Trump’s opposition to a CBDC may be prompted by Ramaswamy’s endorsement of his candidacy following the latter’s poor showing in Iowa. But, Trump’s opposition to a CBDC is a little curious, given everything else happening in the U.S. and the world at the moment. The Federal Reserve currently has no actual plans for a CBDC. The most any U.S. official has said in support is to say the United States should be investigating and testing the idea. Trump is dismissing a government policy that isn’t currently a government policy and doesn’t look like becoming a policy any time soon.

In fact, he nodded to this strange reality in the speech, acknowledging that many in the audience might not know much about CBDCs, one of the more arcane and slow-moving innovation areas of the digital currency landscape.

Read more: Emily Parker – Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue

“I didn’t know you knew so much,” Trump said as the crowd cheered. “New Hampshire – very smart people. Very current. You know what they are doing.” “They” being the federal government.