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# Whats Causing the Huge Dogecoin (DOGE) Increase of 648,235,545 on a Major Crypto Exchange?
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Binance, a prominent digital currency exchange, has witnessed an increase in Dogecoin (DOGE) trading activity. The meme coin’s trading volume on the exchange soared by an astounding 12% in the last 24 hours, reaching a massive 648,235,545 DOGE, as market players actively traded the asset.
## DOGE Recovers from Recent Low Points
CoinMarketCap data reveals that this surge in interest occurs in tandem with Dogecoin’s Heartbeat Accelerates: Energetic Wallets Increase – Is DOGE Set to Emerge?’s rebound from its $0.17 support level. Dogecoin saw considerable volatility over the previous week, with its price briefly falling as low as $0.1455.
DOGE, on the other hand, has subsequently displayed indications of a robust recovery and appears ready for a possible rise. In particular, the token is gradually nearing a critical resistance level, which has historically signaled price breakouts in prior cycles.
Based on prior patterns, some experts believe that the current activity suggests DOGE is in an accumulation phase. They feel this provides investors with a buying opportunity ahead of a potential price increase, which could explain the increased activity seen on Binance.
According to CoinMarketCap, DOGE is now priced at $0.1747, up 2.71% from the previous 24 hours.
While the price is still around 31% lower than its value of $0.2563 from 30 days ago, analysts are making upbeat predictions. It is important to note that if DOGE’s support level remains and it rises to $0.
Specialists anticipate that the cost of Dogecoin could possibly recuperate to $2.70, sustained by activity on significant crypto trades like Binance. Dogecoin has customarily displayed noteworthy development in April, with one case flaunting a 68.2% increment. Financial backers are exploiting the ongoing low costs, expecting a rehash execution in light of Dogecoin’s past patterns. The flood in Binance exchanging volume is viewed as a promising sign, mirroring trust in Dogecoin’s capability for a rebound. This positive thinking comes from Dogecoin’s typical cost execution throughout the course of the last 11 years.
