The trading volume of the Digital Money ecosystem has not yet reached the peak level of the past month, and DOGE (DOGE) is also facing a long-term pullback. According to CoinMarketCap data, at the time of writing this article, the price of DOGE is $0.3163, a decrease of 1.16% in the past 24 hours. Although it has not yet emerged from the dilemma, the price of DOGE has rebounded from the lowest point in the past 24 hours, indicating that the bottom has finally been established.

DOGE price trend

In the past 24 hours, the price of DOGE has dropped from a high of $0.3214 to $0.3097. Although the Meme coin has successfully established a strong support wall at $0.3, its recovery is still stumbling.

When the DOGE price expands on the 7-day chart, $0.3097 also marks its worst level, indicating that this may be a major bottom. If this prediction holds true, investors must closely monitor trading activities around this price level.

During this price discount period, DOGE whales are still active. IntoTheBlock data shows that the large transaction volume in the DOGE ecosystem has increased by more than 41% in the past 24 hours. These transactions are currently worth over 23 billion dollars.

These intense trading activities and activities within the $0.3 price range may force DOGE to rebound in the medium term.

What carries the future?

DOGE is still brewing its long-term goal of reaching the $1 price milestone. Mike Novogratz's Galaxy Research expects that DOGE will eventually touch the price threshold in the 2025 cryptocurrency market outlook.

The company emphasized how the meme coin will benefit from Elon Musk's Department of Government Efficiency (D.O.G.E). With the continuous emergence of new crypto ETF products, more and more people speculate that DOGE ETF may also be submitted soon.