Dogecoin is showing strong bullish signs, with over 75% of Binance Futures traders holding long positions, indicating a surge in optimism for the meme coin’s price. This momentum has led to a dramatic increase in open interest, which currently stands at $2.76 billion – exceeding the 15% price rise witnessed so far. The RSI is at 79.71, signaling potential momentum, and trading activity suggests upward pressure as the price pushes towards the $0.26-$0.28 range. 📈 💰 ⬆️. 💎 💎 💎 💰
Dogecoin’s strong performance has prompted traders to pay close attention to the potential breakout point of $0.26, a level that many believe could trigger a new bullish run. This is supported by the coin’s steady ascending support line and consistent bounce-off from key levels. Recent price ranges have ended in upward movements, suggesting accumulation phases are driving the rally.