MarketPR
DOGE And WIF Lead Meme Volume Surge Across CEXs And Solana, Traders Watch Key Moving Averages Trading volume across meme-coin pairs has spiked on major centralized exchanges and Solana-based venues, with Dogecoin (DOGE) and dogwifhat (WIF) drawing the largest share of order flow, according to chart data flagged by market analysts this week.
The two tokens are functioning as the bellwethers of the segment.
Per analyst commentary published on Bitzo, DOGE is acting as the broader "sentiment barometer," while WIF is the higher-beta vehicle tied to Solana on-chain activity.
DOGE is trading above its 30-day simple moving average and continues to face rejection near its 200-day average, the report said.
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