Family, today Brother Yang is here to chat with everyone about the market trends of DOGE, this 'little rascal'. The market has been quite lively recently, and DOGE's performance has also attracted a lot of attention.
Take a look at the data from the derivatives market, it's quite substantial. The open interest has increased by 5.84%, reaching $3.41 billion, and the long-short ratio for Binance DOGE/USDT accounts is 3.05. Top traders' long-short ratio is as high as 4.09. What does this indicate? It shows that those big players engaging in leveraged trading are full of confidence in DOGE and are strongly bullish.
There are also some bullish signals here. The EMA cluster (20/50/100/200-hour moving averages) is in a bullish arrangement, like a group of well-trained soldiers standing neatly below the current price, providing ladder support for DOGE. The super trend indicator is at $0.2417, and once it breaks through, it's like sounding the horn for an attack, triggering a bullish reversal signal.
However, the bears are not completely silent either. The DMI indicator shows that -DI (24.35) is slightly higher than +DI (22.52), with an ADX value of 16.74. This indicates that the bears currently have a slight advantage, but this advantage is as fragile as paper; the trend has not yet been established, and who knows, the bulls might overtake them in the next second.
Brother Yang gives everyone a tip: in terms of operations, you can consider going long near 0.24300 - 0.23800, targeting 0.25100 first, and then looking at around 0.25900. But the market is like a mischievous child, very volatile, so everyone needs to stay alert and be prepared to respond at any time. #Doge🚀🚀🚀