Despite Dogecoin's ongoing price weakness and trading below major moving averages, derivatives traders are showing strong bullish sentiment, with long positions outnumbering shorts by about 4 to 1 across major exchanges like OKX and Binance. This suggests both retail and professional traders expect a recovery, even though the price has yet to break key resistance levels around $0.08 and $0.09. The RSI indicates selling pressure is easing, but heavily leveraged longs could face liquidation if support fails, increasing downside risk. Overall, the market sentiment is cautiously optimistic about Dogecoin's potential rebound.
Dogecoin (DOGE) rose 2.93% to reach a two-week high of $0.073 after holding the $0.07 support level. The price rally was driven by leveraged demand and a short squeeze, forcing short sellers to buy back DOGE, which increased demand. Futures market in...
Harmony blockchain suffered an exploit where an attacker minted about 4 billion ONE tokens, roughly 26% of its supply, causing the token to drop 40% to a record low. Bitcoin remains stable near $64,000 as markets await the U.S. July inflation report,...
Bitcoin hovered around $63,700 to $64,215 amid cautious trading ahead of the U.S. July inflation report. Large holders, or whales, accumulated 46,420 BTC, the biggest 60-day increase since March, while smaller holders sold about 9,700 BTC. Spot Bitco...
Bitcoin traded near $63,700 on Aug. 12, with most major cryptocurrencies edging higher ahead of the July U.S. inflation report. Dogecoin and BNB led gains, while Bitcoin struggled to hold above $65,000 amid mixed ETF flows and rising oil prices, whic...
Dogecoin led major cryptocurrencies with a nearly 3% gain, reaching just above 7 cents, while BNB rose 2% to $614. Bitcoin slipped to around $63,700, the only major token lower on both the day and the week. Asian equities rallied on strong semiconduc...
