Dogecoin (Doge) has a fixed momentum in the current weeks, which is in line with the broader increase in the encrypted currency market. In the last two weeks, Dog has increased by more than 25 %, which increased its price to $ 0.24.
Despite growth, the origin has faced a slight decrease in the past 24 hours, as it decreased by 0.3 % to $ 0.22 at the time of reports. Recent changes show that more people, especially ordinary investors, are interested in assets again.
What retail dealers say about Dogecoin
BURAK Kesmeci, who writes for Cryptoquant, currently shared new information about the future Dogecoin trading. In a post called “A very large number of retail merchants? Doge Futures shows frequent peak patterns”, he talked about how many traders are trading on the basis of speculation and speculation.
His analysis indicates that the last highlands of the price of Dogecoin often coincided with a rapid increase in the participation of individual investors in futures markets, highlighting concerns about the durability of gatherings.
Kesmeci analysis focuses on the chart that shows the amount of retail investors who trade futurescoin. In the graph, red bubbles show times when the retail trade increases suddenly a lot.
According to the expert, these times usually occur before prices reach the highest local level, which means that many guesses and trading often come before prices drop in the short term. On the other hand, green and pink bubbles appear at times when fewer retail traders are active, and they usually coincide with those times with more stable or more calm price movements.
The main idea is that when many retail merchants are active in the future contracts of Dogecoin, the price momentum is likely to slow down or stop. For merchants, these significant increases in retail can be a warning that the price may change the direction soon.
As Kesmeci mentioned, these data can be used with technical standards and on the other series to create a more comprehensive market mood analysis, in general in unstable assets such as Dogecoin. The report supports a more accurate strategy as the retail investment excitement pushes trading folders.
Technical indicators indicate that the gathering can continue
While the future data shows caution about possible retailer peaks, other technical views advise the opportunity to get additional gains. Javon Marx, Crypto expert, currently shared a future look showing that Doge may be appointed to continue at the highest new level ever.
Marx says the asset scheme shows a strong purchase signal, which means that the price may continue to rise. He believes that the next large price goal is about 200 % higher than it is now.
Also read:- XRP versus HBAR: Who will lead Crypto Bull Run 2025?
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