Dogecoin (Doge) has maintained a constant impulse in the current weeks, which is in line with the broader increase throughout the cryptocurrency market. In the last two weeks, Dege has increased by more than 25%, increasing its price of up to $ 0.24.
Although there has been growth, the asset faced a lower fall in the last 24 hours, falling by 0.3% to $ 0.22 at the time of reporting. Recent changes show that more people, especially everyday investors, are again interested in the asset again.
What retail merchants about Dogecoin say
Burak Kesmeci, who writes for Cryptoquant, currently shared new information about the Dogecoin futures trade. In a publication called “Too many retail merchants? Dege’s futures show repeated maximum patterns,” he talked about how many merchants could be operating based on conjectures and speculation.
Its analysis indicates that the last maximum price of Dogecoin have often coincided with a rapid increase in the individual participation of investors in futures markets, which highlights concerns about the durability of demonstrations.
Kesmeci’s analysis focuses on a graph that shows how much retail investors are exchanging Dogecoin futures. In the table, red bubbles show times when retail trade suddenly increases.
According to the expert, these times generally occur just before prices reach a local maximum, which means that many riddles and businesses often occur before short -term price decreases. On the other hand, green and pink bubbles show schedules at least retail merchants are active, and those times generally coincide with more stable or quieter price movements.
The main idea is that when many retail merchants are active in Dogecoin futures, it is more likely that price impulse decreases or stops. For merchants, these great increases in retail trade can be a warning that the price could change the direction soon.
As Kesmeci mentioned, these data can be used together with other technical and chain metrics to create a more thorough analysis of the market mood, usually in unstable assets such as Dogecoin. The report supports a more careful strategy in which the emotion of retail investors promotes negotiation volumes.
The technical indicators suggest that the rally could persist
Although future data show caution around the probable tops driven by retail trade, other technical perspectives advise the possibility of additional profits. The encryption expert Javon Marks currently shared a perspective that shows that Dege can be prepared for a continuation towards a new historical maximum.
Marks says that the chart of the asset shows a strong purchase signal, which means that the price could continue to rise. He thinks that the next great price objective is approximately 200% higher than where he is now.
Also read:- XRP vs Hbar: Who will lead the next Crypto Bull Run 2025?
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
