The price of Dogecoin increased by more than 15 % on Friday, reaching $ 0.24 at the time of the press. With the speed of capital courses in the Memecoin sector, the BTC/DOGE association and the increasing derivative market activity indicates that Dogecoin may prepare for another explosive step.
The price of another DOGECOIIN is earned by the upcoming DOGECOIN
Dogecoin (Doge) has risen in a vertical gathering over the past 48 hours, adding more than 10 billion dollars to the market value in a sharp response to the appetite.
While Bitcoin is still less than $ 105,000, Dog has a dominant play in the short term for merchants who take advantage of the market morale.
Doge is currently trading at $ 0.2365, an increase of 15.1 % a day and has gained approximately 14.9 % against Bitcoin, with the DOGE/BTC PRINTING pair 0.052289 BTC.
This relative power emphasizes the presence of a major turning point in the association of Doge/BTC, which has now turned against the first rise for the first time since early 2024.
Doge Rally appears to be driven by BTC short capital settings to high -transformation, as speculative altcoins prefer in anticipation of continuing the risks of the broader market.
The current dynamic is in line with the historical behavior of Dog, as the distinctive symbol sees great gains during the stages of uniformity of bitcoin.
In the current case, Dog’s outbreak of the resistance area of $ 0.20 with an increased amount of condemnation among the short -term speculators increases, while price stability near the daily highlands indicates limited pressure in achieving profits so far.
A rise of $ 670 million in Dogecoin Benefits indicates more future gains
The validity of the rapid increase in the immediate price of Dogecoin is now being checked by a more severe increase in the derivative market activity.
The open interest in Doge Futures increased by 23.52 %, which increased by 670 million dollars in 24 hours, to $ 2.76 billion, which exceeds the price of the code of 15 % during the same period.
This difference is not only highlighted on the upward price procedures, but also a profound commitment between traders who expect more upward trend, as more capital is now actively participating in Doug sites via major stock exchanges.
The increase of the open interest associated with an expansion volume, increased by 14.07 % to 7.22 billion dollars, the depth of the Dog Market indicates improvement.
This can help fix the original during the near -term decline with a pillow against sudden fluctuations.
It is worth noting that the options market also shows a strong directional bias. The volume of options increased by 26.96 % to $ 410.4 million, and the open interest in Dog options is 69.35 % to 631,910 dollars, indicating a strong speculation request from advanced traders looking to benefit from the near -term momentum.
More promoting upscale expectations is the long/short ratio across top stock exchanges. In Binance, the tall/short account ratio is 2.308, while OKX reports from 2.49, indicating a clear bullish deviation in location.
Among the best traders, the defect is more clear, as Binance shows a long/short ratio above 3.1. These scales indicate a wide conviction that the current march has a space to extend it.
In conclusion, the rapprochement of the growing price movement, the growth of open attention, the bullish feeling in both futures markets and options indicates that Dogecoin is not only in a short -term speculation.
DOGECOIN price expectations: Doge Eyes $ 0.26 as a bullish momentum
DOGECOIN price predicted with lean oud signals after a 15.69 % mobilization on Saturday 10 May 2025.
Trading at $ 0.2375, DOGE PRICE is now decisively higher than Keltner, and now moves towards 0.26 to $ 0.28.
This strong penetration coincides with a significant increase in the size of Doge trading and the expansion of Keltner channels, indicating an increase in fluctuations that precede continuous marches.
The RSI is now sits in 79.71, in the depths of the peak purchase area, which usually indicates caution but in the context of a massive gathering that can reflect strong budgets and constant momentum.
The BBP (Bollinger Band) increased sharply to 0.06458, confirming the upscale expansion phase as Dog decisively comes out of its previous pressure.
The RSI difference from the moving average is more than the acceleration of bullish pressure. Moreover, the DOGE candles were broken above the upper Keltner range at $ 0.22, which nullifies the previous resistance.
This step reflects a similar technical procedure observed in Bitcoin price expectations today, as BTC also shows a higher power of the main moving averages with high RSI levels, providing wider market support for a Doug gathering.
Although the brief decline cannot be excluded due to excessive short -term, the structure is still intact as long as Dog remains higher than $ 0.21.
Bears will require rejection at the bottom of the Keltner and the opposite of BBP to restore control, but the current procedures indicate that the bulls determine the tone towards the liquidity pocket of $ 0.26
Related questions (common questions)
Dogecoin increased by more than 15 % due to an increase in bitcoin capital, a strong bullish feeling, and increased derivative market activity.
It indicates that Doge outperforms BTC, as it attracts more capital as traders seek higher returns in speculative assets.
With 670 million dollars in open interest and futures/bullish options, technologies support a continuous rare of 0.26 – 0.28 dollars.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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