72% of Binance Traders Believe in Dogecoin’s Surge – Will It Live Up to the Hype?

Dogecoin is experiencing renewed interest, trading around $0.1560. While it has seen a slight 0.32% daily increase and a 3.20% weekly dip, its monthly decline stands at 10.45%. A look into the crypto market reveals a bullish outlook. Analysis by Ali reveals that over 72% of Binance users are holding long positions on Dogecoin (DOGE) futures. This contrasts with only 27.87% taking a short position, highlighting a substantial bearish sentiment.