Dogecoin is defending the $0.19 support, but rising long liquidations could lead to a significant price drop. If this support level is breached, bullish sentiment may falter, pushing back any movements toward $0.25.
Significant increases in options volume and open interest indicate heightened speculative interest in DOGE. As of July 15, the OI-Weighted Funding Rate reinforces the bullish outlook, though this could shift if the price drops below $0.19.
On Binance, a high percentage of long positions reflects strong confidence, but could increase liquidation risks if prices decline. The market is showing signs of potential vulnerability, and any failure to maintain support may trigger further selling.
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