Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers

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At the time, the long/short ratio showed that approximately 81.05% of all traders with open Dogecoin positions on Binance were betting on an upward price movement.  Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do The bullish stance is further underscored by the Binance DOGEUSD_PERP ratio, which reveals that 90.43% of perpetual contract accounts are in long positions, according to Coinglass data.

Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The focus for Dogecoin traders and investors has now shifted away from breaking the $0.40 resistance level to defending the $0.30 support zone, which has become increasingly important in maintaining a long-term bullish narrative for the meme coin.

Majority Of Binance Traders Betting On Dogecoin Price Increase The majority of Dogecoin traders have remained bullish despite Dogecoin’s recent price decline from just below the $0.4 mark since January 7.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Dogecoin Doge price DOGE news Dogecoin news Dogecoin price Dogeusd Dogeusdt Doge

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 20:00:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 25118246

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