73% Dogecoin traders go long – Is the market too one-sided to sustain gains?
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最新报道：Dogecoin traders are showing overwhelming bullish sentiment, with 73% of positions currently long, according to recent data. This lopsided market positioning raises concerns about sustainability of current gains, as excessive optimism often precedes corrections. Analysts note that while DOGE's price has seen modest upward movement, such extreme one-sided sentiment historically leads to increased volatility. The meme coin's open interest has risen alongside price, indicating fresh capital entering the market. However, technical indicators suggest DOGE may be approaching overbought territory, with RSI hovering near 70. Market watchers caution that a sudden shift in sentiment could trigger liquidations among overleveraged long positions.
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