$DOGE 24 hours and it's still up +1.89%, with the current price at 0.07298 USDT. But the latest completed 1-hour candlestick fell from 0.07302 to 0.07278, down 0.33%.
What concerns me more is the volume. Turnover in that same hour was about 2.9315 million USDT, compared with 1.1381 million USDT in the previous hour—an increase of 157.57%. The price didn't move higher, but trading activity picked up noticeably.
Turnover only tells us that trading was more active; it doesn't mean buyers had the upper hand, nor can it be read directly as a flow of funds. So for now, I'd interpret this combination as churn: people are trading back and forth, but haven't pushed the price up yet. If it's just churn, price fluctuations should narrow soon. But if activity stays high while the price continues to struggle to rise, then volume isn't the issue.
What concerns me more is the volume. Turnover in that same hour was about 2.9315 million USDT, compared with 1.1381 million USDT in the previous hour—an increase of 157.57%. The price didn't move higher, but trading activity picked up noticeably.
Turnover only tells us that trading was more active; it doesn't mean buyers had the upper hand, nor can it be read directly as a flow of funds. So for now, I'd interpret this combination as churn: people are trading back and forth, but haven't pushed the price up yet. If it's just churn, price fluctuations should narrow soon. But if activity stays high while the price continues to struggle to rise, then volume isn't the issue.