Dogecoin Surges 20% in a Single Week: ETF Expectations Resonance with Derivatives Market
Price Breakthrough and Market Performance
DOGE has broken through the key resistance level of $0.26 this week, achieving a weekly increase of 20.93%, significantly outperforming Bitcoin and Ethereum. Its market value surged by $9 billion within 6 trading days, showing a classic breakthrough in technical aspects.
Core driving factors
The derivatives market is active
Significant month on month growth in futures trading volume
The proportion of long positions remains high
ETF Expectations Rise
The market remains optimistic about the delayed approval of Dogecoin spot ETF, and there are clear signs of early fund allocation
technical analysis
The daily level shows that DOGE has broken through the six week oscillation range, accompanied by an increase in trading volume, and the RSI indicator has entered a strong area, indicating a short-term upward trend that may continue.
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