Dogecoin has maintained its consolidation path into the last 24 hours, with price data reflecting a 14.5% decline in a seven-day timeframe. However, the price decline has done little to dampen the general sentiment surrounding Dogecoin, especially in a long-term timeframe. As part of the lingering optimism surrounding the meme coin, data highlighted by crypto analyst Ali Martinez reveals a strikingly bullish sentiment among Dogecoin enthusiasts on crypto exchange Binance. Majority Of Binance Traders Betting On Dogecoin Price Increase The majority of Dogecoin traders have remained bullish despite Dogecoin’s recent price decline from just below the $0.4 mark since January 7. This bullishness is highlighted by crypto analyst Ali Martinez through trading positions on crypto exchange Binance. At the time, the long/short ratio showed that approximately 81.05% of all traders with open Dogecoin positions on Binance were betting on an upward price movement. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do The bullish stance is further underscored by the Binance DOGEUSD_PERP ratio, which reveals that 90.43% of perpetual contract acc ..
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