Dogecoin retail trading is so hot that everyone is rushing to buy it!

At this time, 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 in May 2024, January 2023 and May 2021.

The reason behind it is that everyone doesn't want to miss the opportunity to make money, so they all rush in and finally squeeze out those who want to come in later. However, this decline may also be a good thing. After the decline, there may be a big rise, or even a new high.

The price of Dogecoin simply follows everyone's emotions. Once the emotions rise, the price rushes up like a rocket. Now that retail trading is so hot, it means that everyone is really interested in Dogecoin, and the future market trend is definitely worth looking forward to.

The Dogecoin trading volume of major exchanges has hit a new high, especially in November 2024. The number has risen too fast, even more fiercely than in early 2021 and mid-2023. With such a large trading volume, the price fluctuation must be large. The price of Dogecoin is so exciting that it makes people's heart beat faster.

Especially in November, the trading volume of both spot and futures markets has skyrocketed, and traders all over 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 enter the market, and then rebound, and maybe it can break through the $1 mark in one fell swoop.

Looking at the four-hour chart of Dogecoin, the price goes up and down, and the trading volume also jumps. It has already risen twice, from $0.125 to $0.175, and then to $0.43. This increase is simply amazing. Now the technical indicators have entered the oversold zone again, exactly the same as before the previous surge. Everyone is looking forward to the next surge.

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