Dogecoin's (CRYPTO: DOGE) impressive performance over the past week has sparked bullish sentiment among traders, with some expecting a continuation of its upward trend.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.3207 | $47.3 billion | +1.4% | +19% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002229 | $13.1 billion | +2.9% | +19.2% |
| Pepe (CRYPTO: PEPE) | $0.00001806 | $7.6 billion | +4.3% | +23.9% |
Trader Notes: Ali Martinez, a crypto chart analyst, flagged a “buy signal” on Dogecoin's 4-hour chart, anticipating a price rebound.
Similarly, Trader Tardigrade pointed to a “Spinning Top” candlestick pattern on the DOGE weekly chart, typically signaling a potential bottom. Coupled with RSI levels approaching support, these factors suggest Dogecoin may be gearing up for another rally.
Statistics: Martinez also highlighted significant whale activity, with over 90 million DOGE purchased in the past 48 hours. This level of accumulation often indicates expectations of a price rebound or a major market development.
Data from Coinglass reveals $6.7 million in DOGE liquidations over the last 24 hours, including $4.7 million in long positions. The sustained open interest of $2 billion—despite recent declines—reflects growing optimism around Dogecoin's future price trajectory.
Read Next:
- Dogecoin Price Down 4%: What Is Going On?
Image: Shutterstock
