Dogecoin Price Prediction: $3.36B Positions Stay Open – Are Degens Betting Big on the Next Explosive Rally?
We’re simply 32 days away from the SEC’s closing name on greater than 92 Spot ETFs, and that features the Grayscale Dogecoin ETF, the first memecoin ETF ever. Bloomberg specialists nonetheless have the approval odds sitting above 90%. This choice can have an enormous impact on Dogecoin worth prediction.
Dogecoin additionally stands out with its large open curiosity ranges. Futures positions are regular at almost 17 billion DOGE, value about $4.01B.
CoinGlass information exhibits barely any pullback, and the numbers are literally up over 15% in the final 24 hours. That means roughly 16.82 billion DOGE, nonetheless round $3.99B, are locked into the derivatives market even whereas the wider market slows down.
16.82 Billion DOGE Remain On The Market
Gate.io is main the pack in Dogecoin futures, holding over $1.02B in open contracts. Binance follows with about 20.65% of whole open curiosity, roughly $824.56M, making it one other main hub for DOGE publicity.
Price-wise, DOGE has been chopping in the similar zone with out choosing a transparent course, however the regular futures positioning exhibits traders aren’t dropping confidence in the coin simply but.
Dogecoin Price Prediction: Will the SEC Trigger a Historic $1 Rally?
Currently, the DOGE worth is breaking out in opposition to that white descending trendline, which has been the important resistance wall for weeks. If the worth breaks and holds above it, the subsequent actual take a look at shall be in the $0.26–0.30 zone.
The RSI is already sitting at 80, so a small dip may hit earlier than the breakout, particularly with the SEC assembly round the nook and rate-cut speak including additional volatility.
The MACD simply flipped optimistic, suggesting contemporary bullish power. The general setup exhibits DOGE is on the fringe of turning bullish, with a clear pump towards $0.32–0.35 if it clears resistance, however short-term cooling-off shouldn’t shock anybody.
Smart Money Flows Shift Toward Utility Projects Over Memecoins
Smart cash this cycle isn’t chasing meme hype the similar approach; it’s flowing into tasks with actual utility. Best Wallet (BEST) is a type of contemporary presales grabbing consideration, already elevating over $1M in lower than two weeks.
The venture’s constructing a decentralized pockets that fixes quite a lot of the previous 2021-era flaws, whereas including perks like staking and token swaps. BEST token itself comes with low charges, unique options, and staking rewards sitting at a loopy 89% proper now.
Buying in is straightforward; you may seize BEST straight in the app with a card or swap ETH/USDT. This one feels much less like a short-term meme play and extra like a utility wager with critical traction.
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