Dogecoin Blows Up on Coinbase—Did Someone Accidentally Sit on Their Keyboard?

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Oh, would you look at this—Dogecoin, that dog-themed, meme-ified crypto, apparently went nuts. According to CoinGlass data—because, of course, you’ve got to have a site called CoinGlass for this sort of thing—the DOGE/USD pair on Coinbase just shot up by 11,558% in trading volume. I mean, 11,558%? What are people doing, day drinking on a Tuesday? 🚀🐕

So, here’s the deal: the volume jumps from pretty much “who cares” to $17.63 million in just 24 hours. Forget stock market volatility, forget Las Vegas—this is where the action is, folks. Looks like all the short-term traders got that itch again, “Ooh, Dogecoin is moving, I gotta get in!” Next thing you know, everybody’s hopping on, nobody wants to miss out. FOMO? More like pure, uncut greed. Or boredom. Probably both.

And notice, it’s just the Coinbase DOGE/USD thing. Not global, not intergalactic, just American. Is this U.S. demand, or did someone’s dog run across the keyboard and buy up the coins? If you told me it was a pump-and-dump orchestrated by a dachshund, I might believe you.

By the way, if you’re curious (you’re not, but I’ll tell you anyway), Dogecoin’s total trading volume was $822 million in the last 24 hours. That’s a lot of theoretical Lamborghinis and absolutely zero real utility. Congratulations? 🎉

DOGE price action

So, here’s the punchline: at the time of writing, DOGE is down. Yes, down 1.56% in 24 hours to $0.1653. The market falls, everyone panics, the world continues spinning. It’s like a reverse party—you show up, realize nobody’s there, go home, try again next time.

The chart’s doing its little dance—apparently there’s a double bottom forming. Some technical analyst reading this is salivating right now. “Ooh, classic reversal, classic!” Sure, buddy, tell yourself that while your portfolio’s in shambles. The support is at $0.15—a nice, round meaningless number.

This week, DOGE took a little elevator ride up, stopped at $0.175, checked out the view, then said “nah,” and fell back down to $0.161. Happy Fourth of July, here comes the dog!

If it keeps dropping, $0.14 is the next sad place. Below that? Party’s over, go home, $0.10 is calling. On the other hand, if buyers get their act together and push it past $0.21, maybe the wacky casino continues. Who knows? Probably the dog. The dog always knows. 🙄

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2025-07-05 15:47