The volume of Dogecoin surged to 2 billion dollars, analysts target a breakout at 0.65 dollars

The Trading Volume of Dogecoin exceeded 2 billion dollars from April 23 to 24, 2025, attracting the attention of analysts predicting a potential breakthrough value of 0.65 dollars, amid more active retail investor and speculative activities. The trading volume of Dogecoin has surged, indicating a growing interest from retail investors and potential whales, signaling a possible growth trend in the market. The Trading Volume of Dogecoin surged to $2 billion in a single day, sparking speculation about the potential for a price spike. Analysts have identified emerging trading patterns with a target set at $0.65, as Marzell, a renowned cryptocurrency analyst, noted. Both retail investors and whales are driving this market activity. Dogecoin was originally created by Billy Markus and Jackson Palmer in 2013, with the Dogecoin Foundation currently maintaining the project. Analysts like Marzell have noted important levels for the price increase to $0.65. Retail investor trading and potential actions of whales are seen as catalysts for Trading Volume. "If Dogecoin can hold above the Fib level of 0.14750 ... then the possibility of a strong rise to $0.65 is achievable." Current market activity highlights an increasing focus on Dogecoin as analysts explore future price targets. The rise does not directly impact other cryptocurrencies such as ETH and BTC, but related meme coins have seen increased interest. The trading volume in Dogecoin highlights the potential for speculative trading increases, while the current market remains focused on reaching key resistance levels. Analyst Javon Marks predicts the historical price resistance level, noting $0.6533 as a significant indicator. The community's participation shows remarkable optimism online, but official statements from Dogecoin's leadership are still lacking. Continued interest may further impact price momentum, indicating caution among traders. A higher level of speculative interest could lead to further market volatility and potential regulatory scrutiny. A price increase could reach $0.65 in line with previous trends if the current trading level continues.