This period having 'Too Many Retail' traders, historically suggested that Dogecoin could face another price dip soon.
saw a significant surge in retail activity, marking a phase categorized by intense retail participation, as evidenced in the recent analysis.
Analysts noted that such cycles were common in highly volatile meme-driven markets, where emotional trading can lead to rapid price changes. This spike in trades aligned with a period of heightened price movements, suggesting an increase engagement. As the trading frequency soared, DOGE’s price also showed significant volatility.This trend was particularly notable during November, where trade counts on both spot and futures markets escalated dramatically, underlining robust engagement from traders worldwide.
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