The last 24 hours have seen Dogecoin establish some much-needed momentum in the market. It saw an increase in its price in the early hours of Tuesday, which pushed the digital asset right above the $0.099 price level. DOGE has now continued to trend along this line for the better part of the morning, although the increased momentum shows that it may be able to maintain it for much longer.

During this time, the trading volume of Dogecoin had also risen to a peak above $600 million for the 24-hour period. This showed where the uptick in price had been generated from as well. It represented a 48% increase in trading volume, which was largely driven by whale transactions.