I’ve recently noticed that the meme coin market still has some interesting movements. Although Dogecoin has pulled back to around $0.09, the earlier surge definitely caught the attention of many traders. I looked at the technicals, and an hourly golden cross signal has appeared, which still has meaningful reference value in fast-moving and volatile markets.

The trading volume is definitely a highlight. At that time, the 24-hour trading volume was much higher than the 30-day moving average, which suggests this isn’t just random speculation by retail traders, but rather actual capital participating. The entire meme coin sector is moving—meme coins like Shiba Inu, Bonk, and Floki are all rallying, and Mog Coin is surging particularly aggressively. I think this reflects the market searching for an outlet for risk appetite—since Bitcoin has been moving sideways in a range lately, people have shifted their focus to these smaller coins with bigger fluctuations.

However, we also have to admit that meme coins like these are inherently fragile. Once Bitcoin shows a clear drop or liquidity declines, these coins’ rallies may quickly reverse. So the key right now is whether they can hold onto the crucial support levels. If support holds steady, there may still be room for further upside; but once it breaks, the previous rebound may have been for nothing. In simple terms, a golden cross has appeared, and trading volume is backing it up—but afterward, it still depends on whether prices can truly hold firm. These types of markets often rise quickly and fall quickly, so be careful not to get trapped.