Dogecoin’s unusual movement! Behind the 62% surge in trading volume, is it a trap or a wealth code? The next 60% increase is just around the corner?

ELON 2025-10-29 13:57 67190人围观 DOGE

Dogecoin’s trading volume surged 62%, exceeding US$2 billion, indicating that investor interest is rising again. If it holds the support level of US$0.20, its price is expected to rise by 60%. Shiba Inu Coin faces vulnerability after falling below $0.0000

Dogecoin trading volume surged 62% to over $2 billion, indicating renewed investor interest, and if it holds support at $0.20, its price is expected to rise by 60%. Shiba Inu Coin faces vulnerability after falling below $0.00001, while XRP/BTC remains range-bound, awaiting a breakout.

Dogecoin trading volume surges: Trading activity jumped 62%, indicating bullish signs despite recent price declines.
Shiba Inu’s Vulnerability: The coin broke above the key $0.00001 level in October, with median returns showing a historic decline of -9.1%.
XRP/BTC Consolidation: The pair is trading within a tight range at 0.0000231 BTC with support at 0.00001955 BTC, according to weekly Bollinger Bands analysis.

Dogecoin trading volume surged 62%, triggering market expectations for a 60% rise in Dogecoin. Shiba Inu teetering after October plunge ； XRP/BTC is poised for a breakout. Stay on top of cryptocurrencies – discover memecoin trends now.

What’s driving Dogecoin’s recent surge in trading volume?

Dogecoin trading volume The 62% increase to over $2 billion reflects high market activity for the leading meme coin despite recent price volatility. CoinMarketCap data shows that this surge indicates that investors are increasing their Dogecoin positions in hopes of gaining upward momentum. If Dogecoin maintains support around $0.20, experts predict potential gains of up to 60%, with a price target close to $0.32.

The rebound in trading volume comes as Dogecoin shows resilience amid broader market trends. Historically, Dogecoin has had a positive October, in line with the “rising October” phenomenon, which has seen the coin rise for four consecutive years starting in 2021. According to Cryptorank, these October performances for Dogecoin include gains of 37% in 2021, 105.8% in 2022, 9.84% in 2023, and 41.4% in 2024. This pattern highlights Dogecoin’s potential for seasonal strength, driven by community enthusiasm and speculative interest.

Market analysts note that such volume spikes typically precede price recoveries because they signal rising liquidity and trader participation. For Dogecoin, the current market landscape will set the stage for a bullish outlook as long as macroeconomic factors such as regulatory transparency and Bitcoin’s performance remain supportive.

How does the Shiba Inu’s recent price drop affect its market position?

The price of Shiba Inu (SHIB) entered a period of turmoil after it fell below the key threshold of $0.00001 in October, marking a major psychological shock to the meme coin ecosystem. The drop, while short-lived, highlighted the underlying fragility of SHIB’s system, as the token struggles to regain its footing amid pressure from broader altcoins.

Historical data from CryptoRank shows that SHIB’s performance in October was mixed, with average returns of just 0.26% over the past four years. However, the median return was -9.1%, which is more concerning and suggests that a typical month tends to be lower rather than higher. In the November following October, SHIB is down an average of 27% in 2021 and 2022, while rising by an average of 27% in 2023 and 2024 - although the latter has a significant outlier of 48.8% in 2024.

Experts emphasize that this volatility stems from SHIB's heavy reliance on retail sentiment and meme-driven hype, which can quickly evaporate in a bear market. In order to stabilize, SHIB needs to decisively regain the $0.00001 level, which may require support from ecosystem developments such as Shibarium Layer-2 expansion. Without these catalysts, SHIB could fall further, test lower support, and erode investor confidence. On-chain analytics data showed a drop in trading volume following SHIB’s drop, further reinforcing traders’ cautious stance.

FAQ

What factors could cause Dogecoin to rise by 60%?

Holding the $0.20 support level will be crucial for Dogecoin’s future 60% rise to $0.32. Previously, Dogecoin’s trading volume surged by 62%, and the historical average increase in October exceeded 40%. Market data from CoinMarketCap shows that increasing accumulation and the “October Up” trend provide momentum, but continued stability for Bitcoin is crucial.

Is there a risk of Shiba Inu prices falling further below $0.00001?

Yes, Shiba Inu's fall below $0.00001 in October showed its continued vulnerability, with the median historical return for the month being -9.1%. If November continues the 27% decline pattern from 2021-2022, further declines are possible ； However, as CryptoRank’s analysis points out, ecosystem upgrades may offset this effect.

What breakout levels should traders be watching for XRP/BTC?

For a market with an XRP/BTC exchange rate of 0.0000231, a break above 0.0000235 could target 0.000029, while a break below 0.00002225 could test the support at 0.00001955. Judging from the weekly chart, Bollinger Bands fluctuate within a narrow range, waiting for catalysts such as regulatory news to be digested, providing clear directional signals for altcoin traders.

Other questions often surround the interaction between these assets and Bitcoin’s dominance. For example, BTC's strength could put pressure on altcoins like XRP, while meme coins like Dogecoin and SHIB thrive on independent hype cycles.

Key takeaways

Dogecoin Momentum: Trading volume surged 62% to $2 billion, underscoring investor accumulation, which could see Dogecoin gain as much as 60% if support at $0.20 holds.
Shiba Inu Vulnerabilities: The fall below $0.00001 in October exposed SHIB's fragile state, with a median return of -9.1% highlighting the risk of continued downside without a quick recovery.
XRP/BTC integration: Trapped in a tight range of 0.00002225-0.0000235, the pair’s next move above or below key levels could signal a broader altcoin trend – monitor for breakout confirmation.

in conclusion

Amid the volatile cryptocurrency market, Dogecoin trading volume surges, With its 62% gain and upside potential, it's a bright spot. This is related to Shiba Inu coin The fragility of the move following the post-October decline is in stark contrast to XRP/BTC’s range-bound moves. These dynamics reflect the memecoin industry’s sensitivity to market sentiment and technical levels. As market participants navigate these trends, it is critical to keep a close eye on volume indicators and historical patterns ； Look ahead to a possible reversal in November and consider diversifying strategies to capture emerging opportunities.
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