Dogecoin price peaks tend to follow future retail activities, and the analysis shows
Dogecoin (DOGE) increased by 48.7 % during the past month, as the broader encryption market gathered amid concerns related to a potential global tariff war. Although the pioneering memecoin has recorded great gains recently, analysts believe that there may still be room for climbing before reaching the top of a course.
An analyst determines a sign that may predict Dogecoin Top
According to Cryptoquant QuickTake Post recently by Brukkemeci shareholder, Tops Doge Price increases with increased futures trading activity. The following graph analyst, which shows the relationship between the Doge Price peaks and the increasing frequency trading periods by retail investors.
The above chart features red bubbles that put periods of excessive retail trading activity in the DOGE FUTERES market. These bubbles appear constantly near the main price peaks, indicating that the market may be feverish during those stages.
On the other hand, green and pink bubbles on the graph represent periods with a decrease in retail sharing. These stages usually coincide with more stable or “healthier” market conditions, which may provide better entry points for new investors.
The analyst emphasized that monitoring these red bubbles may help both traders and investors to expect possible short -term peaks in Dog. Nails often reflect in retail sale, the growing greed in the market – often an introduction to sharp price corrections.
Nowadays, it appears that the activity of Dogecoin Futures in a neutral area, indicates that the original may still have a room for growth before approaching a feverish situation. This view was chanted by anum dhungana.
In a modern post on X, Dhungana participated in the following weekly Doge scheme, which shows the outbreak of long-term sporadic style-a bullish technical preparation that often precedes price pools. Based on this penetration, the analyst expects Doug to reach $ 1 in the current market round.
All eyes are on $ 1 doge
The goal of the price is $ 1 is a prominent symbolic for Dogoin lovers. During the 2021 bull race, Dog reached the highest level (ATH) of $ 0.73, but at the end is less than $ 1 sign.
This time, however, many analysts believe that Dogecoin can finally reach a $ 1 teacher. The famous encryption analyst Kevin recently referred to $ 1.10 – 1.25 dollars as a reasonable goal, based on the levels of Vibbonacci retreat.
However, the experienced market observer on Martinez warned that Dog should first overcome a large resistance level at $ 0.36 to keep his upscale momentum. At the time of the press, DOGE is trading at $ 0.22, an increase of 1 % in the past 24 hours.
