{"id":11128,"date":"2025-02-03T19:32:40","date_gmt":"2025-02-03T19:32:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11128"},"modified":"2025-02-03T19:32:40","modified_gmt":"2025-02-03T19:32:40","slug":"dogecoin-price-crash-not-over-51-81-of-all-traders-are-betting-on-further-decline","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11128","title":{"rendered":"Dogecoin Price Crash Not Over? 51.81% Of All Traders Are Betting On Further Decline"},"content":{"rendered":"
\n

Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows<\/a>. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum<\/a>.<\/p>\n

Traders Short DOGE Amidst Dogecoin Price Crash<\/h2>\n

The Dogecoin price has crashed again<\/a>, losing more than 25% of its value in the last 24 hours. This massive price decline has caused panic across the crypto community, with investors exiting the market and selling off their holdings<\/a>.\u00a0<\/p>\n

According to X (formerly Twitter) crypto analyst KrissPax, the Dogecoin sell-off has persisted<\/a> for four consecutive days as investors aim to profit from earlier gains and avoid losses. Each price decline in the popular meme coin has pushed it to lower lows<\/a>, towards the $0.24 range.\u00a0<\/p>\n

The analyst also disclosed that the meme coin has failed to hold onto any distinct support level, consistently shedding a percentage of its value daily. Due to this bearish trend<\/a>, the analyst questions if the meme coin has finally achieved its market bottom<\/a> and could initiate a potential price reversal upwards.\u00a0<\/p>\n

\"Dogecoin\"<\/p>\n

Opposing this optimistic projection, Coinglass data<\/a> reveals that 51.29% of all traders, as of writing, are betting on further declines in the Dogecoin price. This signals a lack of confidence in Dogecoin\u2019s short-term recovery<\/a> and future price outlook.\u00a0<\/p>\n

While some traders had hoped for stabilization or even a rebound to new highs, DOGE\u2019s market momentum remains weak. Coinglass has revealed that 48% of traders are still optimistic about Dogecoin\u2019s potential to recover and execute another price rally to new levels<\/a>.\u00a0<\/p>\n

Currently, selling pressures in the DOGE price have raised concerns among crypto members. Many advise<\/a> investors to take the recent price crash as a buying opportunity<\/a> and HODL for the long term. They warn investors to refrain from selling their tokens to prevent whales from accumulating more.<\/p>\n

While the Dogecoin price declines<\/a> and retail traders sell off their tokens, whales are taking the opposite approach, accumulating more DOGE tokens<\/a> despite the downturn. These large-scale investors are taking advantage of low prices to increase their holdings, hoping to make significant gains once prices stabilize and recover again.\u00a0<\/p>\n

Analyst Says DOGE Needs A $0.25 Breakout<\/h2>\n

While commenting on Dogecoin\u2019s recent market crash and bearish momentum, a crypto analyst identified as \u2018AlgoXTrading\u2019 on X has outlined<\/a> two key levels that could trigger a positive shift in the meme coin\u2019s trajectory. The analyst pointed to the $0.19 support level as a critical area, suggesting that a price reversal could be imminent<\/a> if the altcoin holds above it.\u00a0<\/p>\n

Additionally, he predicted a possible breakout<\/a> to $0.25, emphasizing that surpassing this level is crucial for DOGE to regain its bullish momentum. Expressing confidence in Dogecoin\u2019s future potential, the analyst mentions bullish factors like Elon Musk\u2019s influence<\/a> catalyzing a possible price rally. He also revealed that historically, the DOGE price has \u201calways rebounded harder than expected.\u201d<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum. Traders Short DOGE Amidst Dogecoin Price Crash The Dogecoin price has crashed again, losing more than 25% of its value […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11128","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11128"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11128\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}