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- Binance’s top traders show an 82% long-to-short ratio favoring the DOGE price rise.
- Elon Musk’s influence and macroeconomic factors keep investor hopes alive for another DOGE rally.
- Dogecoin price breaks the declining trendline with support from 20-day and 50-day EMA bands.
In 2025, the Dogecoin price successfully managed to break the trendline it was facing since december 2024. It has effectively taken support from 20-day and 50-day dynamic EMA bands.
This has been seen as a resonating effect from Bitcoin’s recent surge to $100K. Also, the insights from CoinGlass reveal that Dogecoin (DOGE) traders have witnessed severe liquidation in the last 24 hours.
The data shows that DOGE short traders registered more losses as the price moved against them and rose. Simultaneously, traders who were betting long liquidation on DOGE recorded lesser liquidation figures.
However, in the last 12 hours when Bitcoin price parked near $100K mark, the short liquidation was lower than long liquidation. This means that the price dipped in the short term in favor of bears, and bulls lost some amount. Whereas, DOGE’s total liquidation of 12 hours came in at $5.56 Million.
Now, the question is whether the Dogecoin price will sustain above the declining trendline and rise or submit to bears once again. Continue reading to find out.
What Derivatives Analysis Highlights for Dogecoin Price
As seen in the DOGE OI-weighted funding rates chart, it is evident that in an 8-hour smoothening phase, bullishness has grown since January 11th, 2025.
Even the derivatives volume has been rising in intraday with a 36% rise, which amounted to $7.85 Billion. Even the open interest has risen to a three-month peak, amounting to $4.69 Billion.
Therefore, since the 24-hour liquidation is on the bull side, the 12-hour liquidation could be due to volatility in price, which could change once the DOGE crypto rises again.
Meanwhile, on the daily chart, a pin bar candle was formed at the top of the declining trendline, showcasing the bulls are getting ready for a rise.
Moreover, the optimism is further rising in the Doge price. Accounts of the top 20% of the traders on Binance have the highest margin, which is a strong bullish signal.
In numbers, the long-to-short ratio in Binance’s top traders’ accounts shows that 82% of accounts of top users are betting on the side of the bulls. Also, the short ratio in Binance’s top traders’ positions shows that 79.88% of users’ positions on Binance favor the bulls.
Additionally, the exchange liquidation map shows that new positions are rising in long leverage, betting on the Dogecoin price to rise. Meanwhil, in stark contrast, the short leverage positions are lower than long leverage positions.
Overall data based on derivatives highlight that the Dogecoin price is poised to rise soon.
What the Community Expects From Meme-coin DOGE
The future of Dogecoin (DOGE) remains a mix of predictions and speculations, leaving investors intrigued, yet uncertain. The Dogecoin Foundation continues to develop protocol updates, aiming to strengthen the memecoin’s utility and appeal.
However, its price trajectory remains elusive. Even Dogecoin’s creator, Billy Markus, refrained from making concrete forecasts at the close of 2024. It is evident that Dogecoin’s price movements often hinge on external factors, with Elon Musk, Tesla’s CEO, playing a pivotal role in driving bullish sentiment.
Musk’s occasional X posts and public endorsements on DOGE have triggered price rallies, making his influence a characteristic factor for the memecoin.
Similarly, with the U.S. president-elect set to take office on January 20, some market watchers speculate that macroeconomic shifts could spark another DOGE price rally. Musk is expected to play a significant role in the administration, further fueling hopes of a potential surprise related to DOGE.
Investors and enthusiasts alike are banking on Bitcoin’s momentum to positively impact DOGE, hoping that the memecoin will follow the leading digital asset’s surge. For now, all eyes remain on Dogecoin’s next move, guided by market trends and the ever-present influence of Musk.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
