Why Dogecoin Investors Should Worry About DOGE’s Price

TL;DR

Binance futures merchants are extremely bullish on DOGE; however this sometimes results in a transfer in the wrong way, as historical past has proven.
On the opposite hand, whales have purchased up lately, and the neighborhood nonetheless posts large predictions for DOGE’s worth strikes.

Binance Futures Traders Going Long

Renowned crypto analyst Ali Martinez posted earlier right now that almost all of futures merchants on Binance who’re betting on DOGE have gone full-on bullish. Over 72% of all futures positions opened on the world’s largest crypto exchanges are longs, which means they count on the asset’s worth to go greater.

72.13% of merchants on Binance with open #Dogecoin $DOGE positions are at the moment lengthy! pic.twitter.com/ejIyI8lUoJ

— Ali (@ali_charts) April 15, 2025

That hasn’t been the case up to now, and DOGE at the moment sits at $0.154 (4.1% decrease than yesterday) because it was rejected on the $0.17 resistance earlier this week.

Moreover, historical past exhibits that too many longs (or total bullish sentiment) spells hassle for the underlying asset. Binance merchants have been equally optimistic about DOGE’s worth strikes in late March when over 76% of all futures positions have been longs. At the time, the OG meme coin stood at above $0.19.

Not solely has it by no means traded greater since then, nevertheless it really plunged to $0.16 two days later and all the way in which all the way down to $0.13 through the market sell-off on April 7, prompted by Trump’s Trade War.

DOGE shouldn’t be an remoted instance, as XRP’s worth has proven comparable trajectories after Binance futures merchants went lengthy. Just yesterday, CryptoPotato reported that 66.86% of such market members have opened lengthy positions on Binance. XRP is down by 4% right now, however this text has much more painful examples.

Whales Buying

In the alternative nook stand Dogecoin whales, which went on an accumulation spree previously few days, buying greater than 800 million DOGE. As whales are sometimes middle- to long-term gamers, such large purchases cut back the out there provide and may set off FOMO amongst smaller traders.

Analysts are nonetheless bullish on Dogecoin’s future worth actions, predicting worth surges of as much as 3x. More lately, Crypto School posted a chart for DOGE’s short-term trajectory, indicating that the asset is at a ‘pivotal juncture’ that would see it going to as excessive as $0.23 or dropping to $0.11 relying on the following few days.