Why Dogecoin Investors Should Worry About DOGE’s Price

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Dogecoin: The Rollercoaster Ride You Didn’t Sign Up For! 🎢💸

In a Nutshell

  • Those Binance futures traders are as optimistic as a cat in a room full of rocking chairs, but history says they might be barking up the wrong tree.
  • Meanwhile, the whales are gobbling up DOGE like it’s the last slice of pie, and the community is still dreaming big about price jumps.

Binance Futures Traders Going Long

Well, well, well! It seems our dear friend Ali Martinez, a crypto analyst of some repute, has declared that the majority of futures traders on Binance are feeling as bullish as a bull in a china shop. Over 72% of all futures positions opened at this grand bazaar of crypto are long, which means they reckon the price of DOGE is bound to soar like a kite in a windstorm.

72.13% of traders on Binance with open #Dogecoin $DOGE positions are currently long!

— Ali (@ali_charts) April 15, 2025

But hold your horses! That optimism hasn’t translated into reality just yet, as DOGE is currently lounging at a cozy $0.154, which is a 4.1% dip from yesterday. It seems our beloved meme coin was turned away at the $0.17 resistance like a kid at a candy store with no money.

History has a funny way of repeating itself, and it appears that too many long positions often lead to a swift kick in the pants for the asset. Just a month ago, traders were similarly giddy about DOGE, with over 76% of futures positions being long. Back then, the OG meme coin was strutting around at over $0.19, but it didn’t take long for it to tumble down to $0.16 and then to a dismal $0.13 during the market sell-off, all thanks to Trump’s Trade War. Ain’t that a kick in the head?

And let’s not forget about XRP, which has been on a similar rollercoaster ride after Binance traders decided to go long. Just yesterday, CryptoPotato reported that 66.86% of market participants were feeling optimistic about XRP, yet it’s down by 4% today. Oh, the irony!

Whales Buying

Now, in the other corner of this circus, we have the Dogecoin whales, who’ve been on a shopping spree, snatching up over 800 million DOGE like it’s Black Friday. These whales are the long-term players, and their big purchases are like a magician making the supply disappear, which can spark a frenzy among the smaller investors. Talk about a feeding frenzy!

Despite the ups and downs, analysts are still holding onto their hats, predicting that Dogecoin could surge up to three times its current value. Recently, Crypto School shared a chart that suggests DOGE is at a ‘pivotal juncture’—it could either soar to $0.23 or plummet to $0.11, depending on how the next few days play out. It’s like watching a game of poker where everyone’s bluffing, and the stakes are high!

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2025-04-16 09:50