Friday, the price of Dogecoin climbed more than 15%, reaching $ 0.24 at the time of the press. As capital rotations accelerate in the Memecoin sector, BTC / DOGE correlation trends and the activity of the growing derivative market suggest that Dogecoin can prepare for another explosive movement.
Dogecoin's price earns another 15% as the Doge / BTC correlation returns up bullish
Dogecoin (DOGE) has gone to a vertical rally in the last 48 hours, adding more than $ 10 billion to its market capitalization in a net response to the appetite of the revived risk.
While the price of bitcoin remains capped less than $ 105,000, DOGE emerged a dominant short -term game for merchants capitalizing on the feeling of the market.
DOGE is currently negotiated at $ 0.2,365, up 15.1% per day and winning almost 14.9% against Bitcoin, the DOGE / BTC pair printing 0.052289 BTC.
This relative force highlights a key inflection point in the DOGE / BTC correlation, which has now been decisively overturned for the first time since the beginning of 2024.
The Rally Doge seems to be drawn by short -term capital reallocations of the BTC to high volatility assets, traders favoring speculative altcoins in anticipation of broader market risk continuations.
The current dynamics are aligned with Doge's historical behavior, where the token often sees excessive gains during the Bitcoin consolidation phases.
In the current case, Doge's escape above the resistance zone of $ 0.20 with an increasing volume confirms the growing conviction among short-term speculators, while price stability near daily summits indicates so far for profit.
$ 670 million overvoltage from Dogecoin Open Interest reports more to come to come
The rapid increase in driving in Dogecoin cash is now validated by an even clearer increase in derivative market activity.
The interest opened for Doge Futures jumped 23.52%, increasing $ 670 million in 24 hours, for $ 2.76 billion, exceeding the price gain of 15% of the token over the same period.
This divergence highlights not only the action of bull prices, but also a commitment to deepening among traders anticipating more upwards, because more capital is now actively engaged in Doge positions in the main exchanges.
The rise in open interests associated with expanding volume, up 14.07% to $ 7.22 billion, suggests that the depth of the Doge market improves.
This can help stabilize the assets during short -term declines while offering a cushion against sudden volatility peaks.
In particular, the options market also has solid directional biases. The volume of options increased by 26.96% to $ 410.4 million, and the interests open in DOGE options jumped from 69.35% to $ 631,910, which indicates a robust speculative demand for sophisticated traders who seek to take advantage of the short -term dynamics.
Additional strengthening of bullish perspectives is the long / short ratio on superior exchanges. On Binance, the long / short account ratio is 2.308, while OKX reports a 2.49 ratio, indicating a clear optimistic asymmetry in the positioning of the trader.
Among the best traders, the imbalance is even more pronounced, with a binance showing a long / short position ratio greater than 3.1. These measures indicate a wide conviction that the current rally has room to extend.
In conclusion, the convergence of the rise in prices of prices, the growth of disproportionate open interests and bullish feeling in the term markets and options suggest that Dogecoin is not only in a short -term speculative phase.
Dogecoin price forecasts today: DOGE EYES 0.26 $ while the bullish momentum intensifies
The signals of the Dogecoin price forecasts are optimistic after a rally of 15.69% on Saturday May 10, 2025.
Trading at $ 0.2,375, Doge Price has now broken decisively above its median resistance from the Keltner chain, and now looks at the range to the range from 0.26 to 0.28 $.
This strong escape coincides with a significant increase in the volume of trading Doge and a widening of the Keltner channels, indicating an increase in volatility which often precedes continuation rallies.
The relative force index (RSI) is now at 79.71, deep in a territory on a platform, which generally signals prudence but in the context of a rally in small groups can reflect a strong optimistic feeling and a lasting impulse.
The BBP (percentage of Bollinger's band) has strongly reached 0.06458, confirming an upward expansion phase while Doge is decisively leaving its previous compression range.
The divergence of the RSI of its mobile average puts more emphasis on the acceleration of upward pressure. In addition, the Doge candles broke over the upper Keltner band at $ 0.22, invalidating the anterior resistance.
This decision reflects similar technical actions observed in Bitcoin price forecasts today, where BTC also shows the force above key travel averages with high RSI levels, offering wider support from the market to the Doge rally.
Although a brief decline cannot be excluded due to a short -term overexxation, the structure remains intact as long as Doge remains greater than $ 0.21.
Bear would require rejection under Keltner's midline and a reversal of the BBP to recover control, but the action of current prices suggests that the bulls set the tone to the liquidity pocket of $ 0.26
Frequently asked questions (FAQ)
Dogecoin jumped more than 15% due to the increase in the rotation of Bitcoin capital, solid bullish feelings and an increase in derivative market activity.
He suggests that DOGE surpasses the BTC, attracting more capital because traders are looking for higher yields in speculative assets.
With $ 670 million in open interests and optimistic data / bullish options, techniques support a continuous rally to the range from 0.26 to 0.28 $.
Ibrahim
Cryptographic analyst covering derivative markets, macro-tendencies, technical analysis and defi. His work presents in -depth information on the market, price forecasts and institutional quality research on digital assets.
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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