Dogecoin ($DOGE) saw its trading volume fall by almost half during a quiet weekend of trading, even as the broader cryptocurrency market continued to face selling pressure.

Data from CoinMarketCap showed Dogecoin's trading volume dropped 49% over the past 24 hours to $607 million, pointing to reduced market activity around the popular dog-themed token as traders assess conditions during the ongoing sell-off. Lower trading volume can indicate a temporary slowdown in participation, particularly on weekends, when activity across digital asset markets often eases. Volume is typically read alongside price, since moves backed by heavier participation tend to carry more weight with traders.

Fourth Straight Daily Decline

Dogecoin fell for the fourth consecutive day on Saturday as investors weighed hotter-than-expected inflation data alongside the latest comments on interest rates from Federal Reserve Chairman Kevin Warsh. The inflation figures arrived two weeks ahead of the next interest rate decision, an event that ranks among the most closely watched macro items for digital assets, as expectations around borrowing costs shape risk appetite across financial markets. Speaking on Thursday, Warsh declined to signal whether the central bank will deliver another rate hike this month.

Key Price Levels in Focus

Dogecoin is currently trading down at $0.079. With the token back near $0.080, crypto analyst Ali noted that the daily TD Sequential indicator has flashed a buy signal. TD Sequential is a timing tool developed by Tom DeMark that traders use to flag potential points of trend exhaustion. If support holds and buyers return, the next levels to watch for Dogecoin are $0.087 and the resistance trendline of the setup near $0.094.

The token has declined broadly from a high of $0.097 reached on October 4, 2026, a drop that pushed it below both its 50-day and 200-day moving averages. As selling progressed, the daily relative strength index (RSI) approached oversold territory and now stands at 34, with readings below 30 conventionally treated as oversold.

If Dogecoin's price rebounds, the $0.081 level remains one to watch, given the large number of tokens that changed hands at that price. URPD, an on-chain metric that organizes token supply by the prices at which it changed hands, shows approximately 36 billion $DOGE were previously traded around $0.081. Whales appear to be buying near that level: since October 12, large holders have reportedly added about 600 million $DOGE.

Should the price decline further, support is expected in the $0.07 range. With the next rate decision two weeks away, traders will also be watching whether participation picks up as the weekend's thin conditions give way to regular weekday trade.