Dogecoin Futures See Strong Bullish Sentiment as 75% of Traders Go Long on Binance
According to market analyst Ali, 75% of all open DOGE positions in Binance Futures are long, with only 24.99% taking short positions.
The Long/Short Ratio has reached 3.0, indicating that for every trader expecting Dogecoin to decline, there are three anticipating a rally.
This spike in bullish sentiment reflects growing optimism around Dogecoins near-term price performance. While some traders may be responding to technical indicators or recent developments in the broader crypto market, it also highlights Dogecoins persistent popularity among retail and speculative investors.
Historically known for its meme origins and volatile price movements, Dogecoin continues to surprise market participants with sudden waves of buying interestoften driven by online communities and social media momentum.
Whether this long-heavy positioning leads to a sustained rally or triggers short-term corrections remains to be seen, but the current outlook on Binance Futures paints a clearly bullish picture for DOGE in the immediate term.
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Text source: Coindoo
