Dogecoin (DOGE) Futures Traders Keep the Faith Despite Downtrend

The price of Dogecoin has moved in a descending wedge pattern since March. This pattern forms when the price of an asset moves between two downward sloping trend lines.

As the price of the leading meme coin, Dogecoin (DOGE), continues to decline due to low trading volumes and decreasing market interest, a group of optimistic investors, traders of DOGE futures, remains hopeful for a potential rally despite bearish conditions.

As the price of the leading meme coin, Dogecoin (DOGE), continues to decline due to low trading volumes and waning market interest, a group of bullish investors, DOGE futures traders, remains hopeful for a potential rally despite bearish conditions.

The price of Dogecoin has been moving in a descending wedge pattern since March. This pattern occurs when the price of an asset moves between two descending trend lines, creating a wedge formation. The upper trendline acts as resistance while the lower line acts as support.

Dogecoin price has been moving in a descending wedge pattern since March. This pattern occurs when the price of an asset moves between two descending trend lines, creating a wedge formation. The upper trend line acts as resistance while the lower line acts as support.

Generally, this pattern is bullish, indicating that the price of the asset is expected to break the upper trendline and continue its rally. However, increased DOGE selling activity hampered this progression.

Generally, this pattern is bullish, indicating that the price of the asset is expected to break the upper trendline and continues its rally. However, increased DOGE selling activity has hampered this progress.

Despite more than halving its value over the past six months, many futures traders remain bullish, continually opening long positions on Dogecoin. This confidence is reflected in the positive funding rate of the same coin since June.

Despite more than halving its value over the past six months, many future traders remain bullish, continually opening long positions in Dogecoin. This confidence is reflected in the positive funding rate of the same coin since June.

In perpetual futures contracts, the funding rate is used to keep the contract price close to its spot price. When an asset's funding rate is positive, it indicates that more traders are betting on a rally in the asset's price compared to those holding the crypto in hopes of a decline.

In perpetual future contracts, the funding rate is used to keep the contract price close to its spot price. When an asset's funding rate is positive, it indicates that more traders are betting on a rally in the asset's price compared to those holding the crypto in hopes of a decline.

Currently, Dogecoin's funding rate stands at 0.01% at the time of writing. the time of writing.

However, not everyone shares this optimism, including DOGE whales. This group of coin holders has significantly reduced their holdings over the past few months.

However, not everyone shares this optimism, including DOGE whales. This group of coin holders has significantly reduced their holdings over the past few months.

According to data from IntoTheBlock, the net flow of large DOGE holders, which tracks the difference between coins bought and sold by whales, fell 47% over the last 90 days.

According to data from IntoTheBlock, the net flow of large DOGE holders, which tracks the difference between coins bought and sold by whales, fell 47% over the last 90 days.

When this metric declines, it indicates that major exchanges are selling their holdings, which is a bearish signal. This may incentivize retail coin holders to do the same, adding further downward pressure on the price of Dogecoin.

When this metric declines, it indicates that major exchanges are selling their holdings, which is a bearish signal. This may prompt retail coin holders to do the same, adding further downward pressure on the price of Dogecoin.

ドージコイン価格のテクニカル分析: 最後の下落が見えてきますか? 日足チャートでのドージコインのテクニカル分析では、20日間のEMAを下回って取引されていることがわかります。一般に、資産の価格が、過去 20 営業日間の資産の平均価格を示すこの主要な移動平均を下回って取引されている場合、売り圧力が買い活動を上回っていることを示唆しています。

ドージコイン価格のテクニカル分析: 最後の下落が見られる?日足チャートでDOGEをテクニカル分析すると、20日間EMAを下回って取引されていることがわかります。一般に、資産の価格が、過去 20 営業日間の資産の平均価格を示すこの主要な移動平均を下回って取引されている場合、売り圧力が買い活動を上回っていることを示唆しています。

ドージコインの販売が続けば、その価格は下降ウェッジの下限トレンドラインに向かって下落し、0.085ドル付近のサポートを示す可能性がある。しかし、このサポートレベルが維持されれば、弱気から強気へのトレンドの変化を示す可能性があります。

ドージコインの販売が続けば、価格は下限トレンドラインに向かって下落する可能性があります。下降ウェッジ、0.085ドル付近のサポートを示します。ただし、このサポートレベルが維持されれば、弱気から強気へのトレンドの変化を示す可能性があります。

そこから、ドージコインが下降ウェッジの上限である0.110ドルに向かって上昇することがわかりました。この重要な抵抗レベルを突破すると、コインの価格が 40% 以上上昇し、0.142 ドルに達することを示します。

そこから、ドージコインは上限に向かって上昇することが見られます。下降ウェッジは0.110ドル。この重要な抵抗レベルを突破すると、コインの価格が 40% 以上上昇し、0.142 ドルに達することになります。

覚えておくべきこと: 同じコインは、トレンドに従わなくなったら同じコインではなくなります。

覚えておくべきこと: 同じコイントレンドに従わなくなったら、同じコインではなくなります。

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