so market will go short because in Short market have advantage
币圈快讯 Crypto Express
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Famous analyst Ali Martinez stated that over 72% of DOGE contract positions on Binance are long, indicating that most traders are bullish. However, DOGE has fallen by 4.1% in the past 24 hours, currently priced at $0.154, having been rejected at the resistance level of $0.17. Historical data shows that excessive optimism often leads to pullbacks: at the end of March, when long positions accounted for over 76%, DOGE dropped from $0.19 to $0.13 due to market sell-offs triggered by Trump's trade war. XRP has also shown a similar trend. Meanwhile, Dogecoin whales have recently increased their holdings by over 800 million DOGE, reducing circulation, which may trigger FOMO among retail investors. Analysts remain optimistic about its future, predicting a price increase of up to 3 times. Crypto School also pointed out that DOGE is at a critical juncture, with a potential breakout to $0.23 in the short term, or a drop to $0.11.
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