Dogecoin (DOGE) Trading Volume Soars to 16-Week High: Is a Rally Imminent? Dogecoin is making headlines! With a greater preference toward altcoins throughout this month, the trading volume of Dogecoin (DOGE) has hit a 16-week high. Dogecoin has been making headlines for breaking out of its price channel, with trading volumes across major exchanges spiking by 42% in the past 24 hours. Analysts With a 9% rally catapulting the meme coin, Santiment has reported that Dogecoin (DOGE) has seen its trading volume reach its 16-week high. Trading volumes The price surge is accompanied by a substantial rise in trading volume, which has increased by 90% in the last 24 hours, as reported by CoinMarketCap. DOGE is currently trading at $0.1262, DOGE has rallied 44% from its local low of $0. on September 6, reaching its highest value since late September. Moreover, the on-chain Dogecoin realized profits jump 225% to $36.1 million as trading volume reaches $2.71 billion, with technical patterns suggesting an upcoming rally. Keep reading for in-depth analysis of the factors driving this surge and what it could mean for DOGE's future.