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Dogecoin trading volume has fallen sharply in a quiet session following the weekend. Over the past 24 hours, Dogecoin volume was down nearly 50% to $669 million, according to CoinMarketCap data.
Crypto markets often see reduced activity after weekends, with lower trading volumes and liquidity. That environment can slow price action and reduce volatility because fewer trades are driving market movement. With participation typically thinner than on weekdays, volume can remain depressed for longer stretches.
At the time of writing, Dogecoin was down 0.48% over the last 24 hours to $0.108. The $0.108 area is being closely watched by market participants as a key test level.
Dogecoin’s current setup follows an earlier rise to $0.117 on May 6. Before that move, the price had compressed into a very tight range, with the $0.10 level acting as stiff resistance. The $0.10 barrier prevented a breakout on five consecutive attempts.
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