DOGE retail trading is extremely popular, and everyone is scrambling to buy it!
In this case, we call it the retail investor frenzy period". But to be honest, every time retail investors are so crazy, Dogecoin will often fall in the end. This has happened several times before, such as May 2024, January 2023, and May 2021.
The reason behind this is that everyone doesn't want to miss the opportunity to make money, so they rush in all at once, and finally squeeze out those who want to come in later. However, this kind of fall may also be a good thing. After the fall, there may be a big rise, and even a new high.
The price of Dogecoin is simply following everyone's emotions. Once the emotions rise, the price rises like a rocket. Now that retail transactions are so popular, it shows that everyone is really interested in Dogecoin, and the future market trend is definitely worth looking forward to.
The trading volume of Dogecoin on various exchanges has reached a new high, especially in November 2024, the number is rising too fast, even more fierce than in early 2021 and mid-2023. With a large trading volume, price fluctuations will also As time goes by, the price of Dogecoin is so exciting that it makes people's hearts beat.
Especially in November, the number of transactions in the spot and futures markets has skyrocketed, and traders around the world are actively participating. The trading activity of Dogecoin is simply a symbol of the enthusiasm of the cryptocurrency circle, and it may attract more attention and investment.
When it comes to price prediction, the "fear of missing out" mentality of retail investors may cause Dogecoin to fall again, but this is also an opportunity to attract more people to come in, and then rebound, maybe It can break through the $1 mark in one fell swoop.
Look at the price of Dogecoin on the four-hour chart. It goes up and down, and the trading volume also jumps with it. It has risen twice, from $0.125 to $0.175, and then to $0.43. The increase is simply amazing. Now the technical indicators have reached the oversold area again, which is exactly the same as the situation before the previous surges. People can't help but look forward to the arrival of the next surge.
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