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【Analysis: DOGE Price Has Risen By 44%, And The Trading Volume Has Surged To 1.8 Billion USD】 According To Cointelegraph, Dogecoin (DOGE) Has Risen By More Than 10% In The Past 24 Hours And Is Currently Trading At $0.1262, Up 44% Since The Low Of $0.08888 On September 6. DOGE's Spot Trading Volume Reached $1.8 Billion On October 16, Up 95% From The Previous Day And 165% From The Past Seven Days. Its Market Value Has Re-exceeded $18 Billion, Consolidating Its Position As The World's Largest Meme Coin. Several Cryptocurrency Traders Expect DOGE To Continue To Rise. Technical Analyst Mikybull Crypto Pointed Out That DOGE Prices Broke Through The 180-day Descending Trend Line, And $0.13 And $0.14 Are Key Resistance Levels. DOGE's Latest Rise Has Caused It To Break Through Key Support Levels Including The 50-week And 100-week Simple Moving Averages. Futures Traders Are Skeptical Of A Quick Rebound, And $587,344 Of Short Positions Are At Risk If The Price Rises Back To $0.130. DOGE's Open Interest (OI) Rose To $755.5 Million On October 16, Up 27.3% From The Previous Day. CoinGlass Data Shows That DOGE's Perpetual Futures Funding Rate Has Risen, Indicating That Market Bullish Sentiment Continues
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