DOGE retail trading is extremely popular, everyone is scrambling to buy!

We call this situation the 'retail frenzy period'. But to be honest, every time retail investors are this crazy, Dogecoin often takes a hit in the end, just like several times before, such as in May 2024, January 2023, and May 2021.

The reason behind this is simply that no one wants to miss the opportunity to make money, resulting in a rush to jump in, which ends up pushing out those who want to join later. However, this drop could also be a good thing; after the fall, we might see a significant surge, and it might even reach new highs.

The price of Dogecoin seems to be following everyone's emotions; when emotions rise, the price rockets up. The current retail trading boom indicates that people are genuinely interested in Dogecoin, and the future market trends are definitely worth looking forward to.

Dogecoin's trading volume across various exchanges has hit new highs, especially in November 2024, where the numbers skyrocketed faster than at the beginning of 2021 and mid-2023. With increased trading volume, price fluctuations also become greater; the price of Dogecoin is thrilling, making people's hearts race along with it.

Especially in November, both the spot and futures market trading volumes have gone crazy, with traders around the world actively participating. The trading activity of Dogecoin is simply a symbol of the enthusiasm in the cryptocurrency circle, and it might attract even more attention and investment.

Speaking of price predictions, the 'fear of missing out' psychology of retail investors might lead to another drop for Dogecoin, but this is also an opportunity to attract more people in, and then a rebound might just break through the $1 mark.

Looking at the Dogecoin price on the four-hour chart, it has been quite volatile, with trading volume bouncing along. It has already risen twice, from $0.125 to $0.175, and then to $0.43, which is quite a significant increase. Now the technical indicators have reached the oversold area, just like the previous situations before major surges, making people eagerly anticipate the arrival of the next big increase.

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