Dogecoin's recent trading activity has surged significantly, with a 24-hour trading volume reaching $36.42 million, but the price has experienced an 8.71% pullback, dropping to $0.09. This reflects the complexity of market sentiment—high trading enthusiasm coupled with price pressure.

The overall resurgence of meme coins is the main driving force behind the increase in trading volume, with similar assets like Pepe also performing strongly. However, for Dogecoin to regain stability, it needs to find solid support at key levels and maintain sustained trading activity to ensure the sustainability of subsequent rebounds. Industry experts generally believe that while the meme coin season has boosted market participation with high trading volumes, price stability still needs to be observed.