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72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price?

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72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? - NewsBTC

Quick Summary:

This is mostly visible on Binance, which is the world’s largest exchange, seeing a sharp drop in short accounts in favor of traders who are long on Dogecoin.72% Of Binance Traders Are Bullish According to data from Coinglass, there are presently more bulls as regards to the Dogecoin price compared to bears.

Related Reading: Crypto Analyst Calls Wave 5 To Send XRP Price Above $6 Currently, of all open bets on Dogecoin on the Binance crypto exchange, a whopping 72.46% are long at the time of this writing.

Related Reading: Ethereum Macro Trend Oscillator Shows Green Might Be On The Horizon A crypto analyst has also pointed out that the Dogecoin price is forming a strong Ascending Wedge pattern.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 10:00:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28466106

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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