📉 DOGE Resists Market Downturn
On January 13, 2025, the crypto market faced sharp declines, with BTC, ETH, and SOL all dropping. Despite this, DOGE held above a key support level, avoiding a deeper plunge and drawing attention from traders.
📊 Rising Trader Interest
DOGE’s stability stems from heightened trader and investor activity. Coinglass data shows strong bets on DOGE, with a Binance DOGEUSDT long/short ratio of 4.22, indicating bullish sentiment and significant long positions.
💡 Bullish On-Chain Metrics
Binance reports 80.83% of top traders holding long positions on DOGE. Meanwhile, over $45.05M worth of DOGE has flowed out of exchanges, suggesting long-term holders are accumulating, creating potential buying pressure.
🚀 DOGE Price Prediction
Historically, DOGE has rallied over 25% from its current support level, reaching $0.40. Given the bullish sentiment and accumulation, traders are speculating on a similar price surge in the near term.
📈 Current Momentum
DOGE is trading at $0.3247, down 4.20% in the past 24 hours. However, a 90% spike in trading volume highlights growing participation, reinforcing optimism for an imminent rally.
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