Dogecoin Price Tops Tend To Follow Surges In Retail Futures Activity, Analysis Shows
Dogecoin (DOGE) has increased by 48.7% over the past month, driven by a broader crypto market rally amid reduced global tariff war concerns. Analysts suggest DOGE may continue to rise before hitting a cycle peak. A CryptoQuant analysis indicates that DOGE price tops often coincide with spikes in retail futures trading activity, marked by red bubbles on a chart, which signal potential market overheating. Conversely, green and pink bubbles indicate healthier market conditions. Currently, DOGE futures activity is neutral, suggesting further growth potential. Analysts forecast a possible rise to $1, with some targeting $1.10–$1.25 based on Fibonacci levels. However, DOGE must first surpass a resistance level at $0.36 to maintain bullish momentum. As of now, DOGE trades at $0.22, up 1% in the last 24 hours.
