64 Billion DOGE Bought at $0.09 Price as Several Traders Entered at This Point

The significant increase was attributed to the enthusiasm around Elon Musk's takeover of Twitter. Musk has long been a proponent of Dogecoin.

Much was the excitement as a dormant address containing 2,374,814 DOGE valued at $338,611 came back to life after over eight years.At the time of writing, Dogecoin was trading marginally higher at $0.133. Investors took profits after the price rose to a high of $0.1589, causing a drop to $0.122 on Nov. 2. Investors swiftly bought the dip with a current recovery to intraday highs of $0.1370 at press time. A break above the $0.1589 barrier could kickstart the next leg of the uptrend.

Also, a classic picture of a big social volume spike marking a potential top, plus sentiment going higher, might imply that traders are positive in their DOGE-related statements.

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