In the last 24 hours, the price of Dogecoin (DOGE) has significantly increased, leading to active market changes.
Trading Results of Dogecoin
According to CoinGlass data, Dogecoin's price rose over 11% in the last 24 hours, reaching $0.2359. The intraday peak was $0.2417. Trading volume spiked by 165.15% to $5.42 billion.
Impact on Bearish Traders
Bearish traders faced significant losses as DOGE's price continued to rise. Short position traders lost $700,590, while those betting long noted minor losses of $71,880.
Prospects for Dogecoin's Growth
Interestingly, analyst Ali Martinez suggests that Dogecoin could see a 40% rise under favorable circumstances. If the price reaches $0.30, it will depend largely on the actions of strong players in the market.
Thus, Dogecoin exhibits strong growth, and many investors are watching for further market changes. Price dynamics and trader activities suggest that interest in DOGE may continue.
