November 8, 2024

Rise To Thrive

Investing guide, latest news & videos!

Crypto traders are looking at Dogecoin (DOGE) again — Here is why

1 min read
Crypto traders are looking at Dogecoin (DOGE) again — Here is why

When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020 to 2021 bull market when Dogecoin (

Trading volumes and open interest were another pair of notable metrics that traders zoomed in on last week as DOGE open interest soared to a 2-month high and trading volume hit a 6-month high.

DOGE trading volumes. Source: Coinglass