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Jakarta, Pintu News – Dogecoin (DOGE) has recently seen a significant increase in activity, with an astonishing 10,187% rise in futures trading volume on the Bitmex exchange. This increase comes after the cryptocurrency experienced a five-day decline since November 24. This sharp price recovery caught the attention of many market participants and crypto analysts.
Dogecoin started the week with a strong price increase, from $0.137 to $0.147 in Tuesday’s session, and continued to rise until it reached $0.1529 on Wednesday. This rise was part of a recovery from the December 1 low of $0.131.
At the moment, Dogecoin has gained 8.64% in the last 24 hours, reaching $0.1496, marking the strongest increase in recent weeks. Increase in Trading Volume In addition to the price increase, Dogecoin’s trading volume on spot exchanges also saw a surge of 47.24%, totaling $1.78 billion according to data from CoinMarketCap.
These volume spikes indicate a significant increase in trading interest and activity, which may be triggered by certain factors in the market.
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The surge in Dogecoin futures trading activity on Bitmex shows that traders are actively engaged in recent price movements. This drastic 10,187% increase in futures trading volume reflects optimism and speculation among market participants. Factors such as ETF speculation and market flows may continue to be secondary catalysts for the Dogecoin price.
Impact on Market Sentiment This Dogecoin price movement comes at a time when the general crypto market is recovering, after the massive sell-off in early December. The critical support level is now at $0.1347, which if held, could favor a short-term bullish setup. However, failure to break decisively above $0.15 might lead to a pullback back to the $0.142-$0.144 range.
Given the recent trends, Dogecoin shows potential for a further bullish reversal if it can maintain the current momentum. Market watchers should continue to monitor fund flows and investor sentiment as important indicators that will influence Dogecoin’s future price movements.
In addition, external factors such as regulation and the adoption of blockchain technology by large corporations can also affect the price. The Importance of Independent Research As an investor or trader, it is crucial to conduct independent research and consult with financial experts before making investment decisions.
The crypto market is known for its high volatility, and while opportunities for large gains exist, the risk of loss is also significant. Therefore, a cautious and informed approach is key in crypto trading.
The surge in Dogecoin activity on Bitmex is proof that interest in the cryptocurrency is still very high. With careful monitoring and the right strategy, traders and investors can use this volatility to their advantage. However, it is important to always be on the lookout for rapid and unpredictable market changes.
Also Read: Decisive Week: XRP Braces for a Huge December 2025 Surge!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
FAQ
A1: Dogecoin (DOGE) is a cryptocurrency that was originally created as a joke but has grown into a digital currency with wide usage and a large community.
A2: The trading volume of Dogecoin futures on Bitmex has increased by 10,187%.
A3: Dogecoin’s lowest price on December 1 was $0.131.
A4: A surge in Dogecoin activity indicates increased interest and speculation in the market, which could affect overall market sentiment and drive further price movement.
A5: Crypto markets are highly volatile, so independent research and consultation with financial experts is essential to avoid losses and maximize potential gains.
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