Dogecoin has rebounded 25% over the past five days after a sharp decline of 38%. Although losses haven't fully been recouped, trading volumes have surged, indicating renewed interest in the market.
Key metrics from IntoTheBlock show a substantial increase in daily trading volume, with large transactions driving the uptick. Whales are actively participating, further supporting this bullish sentiment.
IntoTheBlock's Bulls and Bears metric reveals more bullish activity, with more addresses buying large amounts of DOGE recently. Currently trading at $0.1045, Dogecoin needs a breakout above $0.11 to potentially surge towards $0.5.
