Leading cryptocurrency Bitcoin While it is gradually approaching its previous ATH of $69,000, $64,000 was exceeded last night.
BTC’This rally in other including meme tokens altcoins largest meme token when activating de Dogecoin’New records were also set.
at this point DOGE It rose to $0.12 yesterday, reaching its highest level since November 2022, and gained over 45% in the last 7 days.
It currently stands at 0.127, making DOGE one of the highest-earning cryptocurrencies.
DOGE While it broke a new record in terms of spot price, another record came from futures transactions. At this point, the amount of open positions in DOGE futures has increased by over 54% since Wednesday, breaking a record of $1 billion.
Evaluating the increase in open position, analysts stated that this situation means new or extra money entering the market.
Additionally, analysts point out that 70% of investors took long positions in DOGE. “This shows that investors expect the DOGE price to rise further” said.
Analysts also point out that the DOGE Relative Strength Index (RSI) has reached the “overbought” level. ““This may mean a possible trend reversal in the coming period.” said.
*This is not investment advice.
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