The volume of Dogecoin surged to 2 billion dollars – 10 dollars next if whales continue to buy?

Dogecoin has surged in the past 48 hours, reaching a trading volume of 2 billion dollars with a 100% increase, prompting traders to look at the next major price milestone for DOGE. This meme coin has found a new place in the conversation about "the best cryptocurrency to buy", rising 20% to $0.185 to reclaim its position as a strong candidate for altcoin. The risk appetite has returned after the tensions in the China-U.S. trade war have eased and Trump has made concessions to the Fed, and DOGE has absorbed new retail liquidity. Whales choose Dogecoin over Bitcoin: Is the target $10? Dogecoin will need to increase in price 58 times to reach a valuation of 10 dollars—a price level that is very high, but not without basis when considering long-term potential. Memecoins can tap into the large demand of the traditional market, with several Dogecoin ETFs currently awaiting SEC approval. Optimism is rising after SEC Chairman Paul Atkins took office, sparking new speculation about a green light for ETF listings.

Dogecoin has outperformed Bitcoin in both large trading volume and daily active addresses, at 41.12% and 34.91% respectively. On the other hand, Bitcoin recorded a decrease of 11.26% and 10.25%. The famous anonymous analyst DogeCapital has highlighted the historical correlation between DOGE and Bitcoin's four-year halving cycle—pointing to a path towards $10 or more.

"Dogecoin has outperformed Bitcoin in every cycle since its inception," he wrote. "There is no reason to believe this time will be different." DOGE Price Analysis: Can this uptrend be sustained? Dogecoin may experience a significant breakthrough in the near future, approaching the upper resistance level of the descending channel that has defined this coin's prolonged downward trend for many months.

This week's price increase could be the first step in a 45% rally to $0.25, with the price recovering after the long-term support trendline that has bottomed out since mid-2024. The price increase seems reliable as momentum indicators become increasingly optimistic. The MACD line has turned positive for the first time since the post-election recovery, forming a golden cross with the signal line—often a strong indicator of a trend reversal. The relative strength index (RSI) is also following, trending upwards towards the neutral level after a long period in the bearish zone, signaling increasing buying pressure. If DOGE can break through the SMA 20 line - the resistance level that has hindered today's upward momentum - then the breakout could drive the price up to $0.48, marking a potential increase of 160% compared to the current level.