Dogecoin

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 <p>Despite stepping into “Uptober,” the crypto market is not yet out of the bearish woods. Most assets have been struggling to make northward strides on the price front. Even amid the humdrum environment, community members have been keen about <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>. At press time, the ticker DOGE was a trending topic in the business and finance genre on X [formerly Twitter]. </p> 
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     Source: X 
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 <p><strong>Also Read: Crypto:&nbsp;After Coinbase, Singapore grants MPI License to Sygnum</strong></p> 
 <p>Towards the end of September, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> initiated an uptrend. It ended up appreciating by almost 7%, and claimed $0.0642. However, it started wiping out its gains right after, and formed a downtrend on its short timeframe chart. </p> 
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    DOGE/USDT by TradingView 
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 <p><strong>Also Read:&nbsp;Bankman-Fried Faces 115 Years in Prison: Trial to Begin on Oct. 3</strong></p> 
 <h3 class="wp-block-heading" id="h-what-s-in-store-for-doge">What’s In Store For DOGE?</h3> 
 <p>The DOGE market has been quite volatile of late. Even so, new derivatives traders have not been looking to step into the market. DOGE’s futures OI has been hovering the $244 million to $246 million bracket over the last three days. Simply stated, a rising open interest usually means that new money is flowing into the marketplace and more often than not, it ends up making the ongoing trend even more concrete. Thus, the latest trend is indicative of the trader indifference. </p> 
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 <p>Among the traders that are participating in the market currently, the bias seems to be more inclined towards the bullish side. The funding rate has been positive on almost all top exchanges. This indicates that bullish traders are trying to gradually assert their dominance. In fact, it can also be contended that long bets have been piling up and traders are getting optimistic about DOGE’s short-term prospects. The long short ratio further supported this thesis. At press time, the metric flashed a reading above 1.3. Specifically, 56.72% of DOGE bets were bullish in nature. Contrarily, 42.28% of the traders were bearish about DOGE’s performance over the next few trading sessions. </p> 
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  <img decoding="async" loading="lazy" width="1024" height="243" src="https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp" alt class="wp-image-114793" srcset="https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 1024w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 300w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 768w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 1536w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 380w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 550w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 800w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 1160w, https://cdn.thebittimes.com/images/2023/10/04/8afbc5cc15874fa6f2d2699c32de6576.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Coinglass 
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 <p>Thus, given the collective sentiment of the traders, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>, could make up for its recent investor losses and register a minor uptick on the price front over the next 24-hours. At press time, DOGE was trading around $0.06108, a level above its bearish trend line. Over the next few hours, it is imperative for DOGE to continue staying above this resistance. However, a failure to do so would invalidate the bullish thesis. </p> 
 <p><strong>Also Read:&nbsp;Crypto: For the First Time in 6 Weeks, Institutional Buys Rise</strong></p> 
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  <li>doge</li> 
  <li>Dogecoin</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-what-to-expect-from-doge-in-the-next-24-hours-tbt65052.html">https://thebittimes.com/dogecoin-what-to-expect-from-doge-in-the-next-24-hours-tbt65052.html</a></p>

Dogecoin: What to Expect From DOGE In the Next 24 Hours?

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