At present, Dogecoin (DOGE) trades near 0.318 USD, facing significant market attention amidst volatility. If it maintains the 0.30 USD support, predictions suggest a rise to 0.40 USD. However, if it falls below this level, it could decline by 25% to 0.225 USD, indicating a critical juncture for traders.
The bullish market sentiment is evident with 81.44% of top Binance traders holding long positions. The trading volume increased by 60% recently, showing heightened interest in DOGE. The long/short ratio is 4.53, reflecting traders’ confidence in the price potentially rebounding from the crucial support point.