DOGE price slightly rises by 2%, trading volume surpasses 1 billion, liquidation moderate, community optimistic
On December 17, Dogecoin (DOGE) performed well amid the overall fluctuations in the cryptocurrency market. According to data from CoinMarketCap and Coinglass, the price of DOGE in the past 24 hours was around $0.1319, with an increase of about 2.01%-2.23%, peaking at around $0.139 and dropping to a low of $0.127. The 24-hour trading volume reached $1.024 billion (spot + derivatives over $2.8 billion), with strong liquidity, ranking among the top meme coins. The market capitalization is about $20.09 billion, firmly holding the ninth position globally.
In terms of liquidations, the total liquidation amount for DOGE across the network was about $2.61 million, with long positions liquidated at $1.64 million and short positions at $969,000. Long positions faced slightly more impact, but the overall scale was moderate, not triggering severe chain reactions. Open interest was $132 million, with a long-short ratio of 49.35%:50.65%, indicating significant market divergence. Platforms such as Binance, MEXC, and OKX were the most active in trading.
This slight increase is attributed to Bitcoin stabilizing and rebounding, with DOGE following as a high beta asset. There are no major negative events in the community, and signs of whale accumulation continue. Some analysts believe the extreme fear zone may present an accumulation opportunity. If the $0.13 support holds, a rebound could test $0.16-$0.18. In the long term, forecasts suggest a price of $0.178-$0.35 by the end of 2025, with community confidence undiminished.
Binance Square users are actively discussing leverage risks and bottom-fishing opportunities, with many posts sharing stop-loss experiences and reminding to hold positions rationally amid high volatility. DOGE's meme attribute is strong, and in the short term, it may fluctuate with market sentiment. It is recommended to diversify investments and pay attention to market linkage. The potential for 2026 remains substantial, so stay tuned!
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