Dogecoin posts 21% August gain in strongest monthly move of the year
Dogecoin (DOGE)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Dogecoin gained 21.4% in August, marking its strongest monthly performance of the year. CoinGecko data showed the asset recovering as broader risk appetite improved across crypto, bringing it back into market rotation conversations. Despite this renewed strength, the source notes that the move should not be treated as proof that a sustained breakout is guaranteed. Dogecoin has survived multiple cycles and built a deep retail base, but the market needs to see if buyers can hold the move once August’s momentum fades.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Whalio spot data shows Dogecoin trading at $0.08285 with a 24-hour buy ratio of 51.1%, indicating a slight edge for buyers over sellers. The 1-hour buy ratio stands at 51.8% and the 4-hour ratio at 50.5%, both aligning closely with the daily average and suggesting steady, not accelerating, buying pressure. Volume delta is positive across all timeframes, with a 24-hour total of +$845,422, meaning buy volume exceeded sell volume. Cumulative Volume Delta (CVD) for the 24-hour close is +$422,951, confirming net buying activity. This flow indicates that buyers have been in control for 15 of the last 24 hours, contributing to a 24-hour spot volume of $37,276,395 across 462,196 trades.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Twenty-four hours later
What DOGE did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, Dogecoin experienced a -8.1% price change and a negative volume delta of -$2,717,905, contrasting with the current day's net buying. The 7-day average buy ratio was 49.4%, while the latest day saw a 1.7 percentage point increase to 51.1%, marking a shift toward bullish sentiment. However, 24-hour volume was only 0.59x the weekly average, indicating lower participation compared to the prior week's norm. With only 4 of 7 days showing net buying previously, today's activity represents a change in the recent trend. This suggests an unusual day for the coin relative to the immediate past week's bearish volume and price action.