Dogecoin, once considered a joke altcoin, has made a remarkable comeback with a significant surge in trading volume. According to CoinGlass data, Dogecoin's trading volume has increased by 47.62% in the last 24 hours, reaching an impressive $1.32 billion. This sudden boost has sparked optimism within the Dogecoin community.

Despite a minor 1.04% decline in the last 24 hours, Dogecoin has seen a healthy 8.47% rise over the past 30 days, indicating gaining momentum. Technical indicators also point to a bullish trend, with the Relative Strength Index (RSI) at 50.94, placing it in the buying zone. Additionally, Dogecoin's price is trading above its 200-day Simple Moving Average (SMA) and 200-day Exponential Moving Average (EMA), a strong bullish signal.

The positive sentiment is further reinforced by the fact that 84% of Dogecoin investors are in profit at current price levels, according to IntoTheBlock data. This high percentage indicates that investors are holding onto their DOGE with expectations of future gains. The increase in trading volume and positive market indicators for Dogecoin are part of a broader revival in the cryptocurrency market, with many altcoins seeing significant price increases.

In conclusion, Dogecoin's significant increase in trading volume and bullish technical indicators suggest a promising outlook for the meme-inspired altcoin. With a strong community and growing acceptance, Dogecoin is poised for further growth, making it an exciting development in the cryptocurrency market.