{"id":459099,"date":"2025-01-14T13:30:37","date_gmt":"2025-01-14T08:00:37","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=459099"},"modified":"2025-01-14T12:38:24","modified_gmt":"2025-01-14T07:08:24","slug":"dogecoin-at-a-make-or-break-point-what-0-30-support-means","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-at-a-make-or-break-point-what-0-30-support-means\/","title":{"rendered":"Dogecoin at a make-or-break point: What $0.30 support means"},"content":{"rendered":"<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">On-chain metrics reveal that exchanges have witnessed an outflow of $54 million worth of DOGE memecoins.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">DOGE could soar by 25% to reach the $0.40 level if it holds a 0.30 level.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a>, the popular and largest crypto memecoin, has been gaining significant attention from crypto enthusiasts amid the current market uncertainty. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, the overall cryptocurrency market, including major assets like <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a>, <a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a>, and others, appeared to be struggling.<\/span><\/p>\n<h2><b>81.44% of traders on Binance hold DOGE\u2019s long positions\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Amid the market downtrend, traders and investors have shown strong interest and confidence in the memecoin Dogecoin, according to on-chain analytics firm Coinglass. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Binance DOGEUSDT long\/short ratio currently stands at 4.53, indicating strong bullish sentiment among traders. At press time, 81.9% of top traders were holding long positions, while 18.56% were holding short positions.<\/span><\/p>\n<figure id=\"attachment_459100\" aria-describedby=\"caption-attachment-459100\" style=\"width: 1730px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536.png\"><img decoding=\"async\" class=\"wp-image-459100 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536.png\" alt=\"DOGEUSDT Long\/Short Ratio \" width=\"1730\" height=\"416\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536.png 1730w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536-300x72.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536-1024x246.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536-768x185.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536-1536x369.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/image-2025-01-13T200432.536-1200x289.png 1200w\" sizes=\"(max-width: 1730px) 100vw, 1730px\" \/><\/a><figcaption id=\"caption-attachment-459100\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This massive long position by traders on Binance shows a clear sign of bullish sentiment despite the continuous price correction across the crypto landscape. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the traders&#8217; bullish market sentiment, long-term holders also appear to be accumulating the tokens, as revealed by on-chain data.<\/span><\/p>\n<h2><b>$54 million worth of DOGE outflow from exchanges\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Data from Spot Inflows\/Outflows reveals that exchanges have witnessed an outflow of a significant $54 million worth of DOGE memecoins in the past 48 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicates that long-term holders have withdrawn or purchased these substantial tokens while they are trading at discounted prices ahead of Donald Trump&#8217;s inauguration.<\/span><\/p>\n<h2><b>Dogecoin&#8217;s current price action\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">These bullish on-chain metrics appear as DOGE has reached a crucial support level of $0.30. The last time the memecoin reached this level, it witnessed a price rally of over 25%, reaching the $0.40 level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this time, experts and analysts are expecting a similar rally in the coming days.<\/span><\/p>\n<figure id=\"attachment_459101\" aria-describedby=\"caption-attachment-459101\" style=\"width: 1451px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862.png\"><img decoding=\"async\" class=\"wp-image-459101 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862.png\" alt=\"Dogecoin's (DOGE) current price action \" width=\"1451\" height=\"698\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862.png 1451w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862-1024x493.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862-768x369.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/DOGEUSDT_2025-01-13_20-06-29-e1736779055862-1200x577.png 1200w\" sizes=\"(max-width: 1451px) 100vw, 1451px\" \/><\/a><figcaption id=\"caption-attachment-459101\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">According to expert technical analysis, DOGE is at a crucial support level of $0.30, marking a make-or-break situation given the overall market sentiment. If DOGE holds above $0.30, there&#8217;s a strong possibility it could reach its predicted level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the sentiment remains unchanged and the price falls below this support and closes lower, it could decline by 25% to the next support level at $0.225.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\">Dogecoin Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Currently, DOGE is trading near $0.318 and has experienced a price decline of over 6.5% in the past 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the same period, its trading volume jumped by 60%, indicating heightened participation from traders and investors amid market uncertainty.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>81.44% of top traders on Binance holding long positions, while 18.56% are holding short positions.<\/p>\n","protected":false},"author":97,"featured_media":459102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6387,5824,66,3,4,20],"tags":[],"class_list":["post-459099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance&#039;s 81% of top traders go bullish on Dogecoin (DOGE)<\/title>\n<meta name=\"description\" content=\"The current sentiment for DOGE seems bullish, market participants should keep an eye on the $0.30 support level.\" \/>\n<meta name=\"robots\" content=\"index, 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