Dogecoin (DOGE) Popping Off Ahead of Its Listing on Binance

After its sideways price action between $0.15 and $0.19 from April 10th to May 8th, DOGE popped and now trades above $0.20.

Dogecoin, the leading meme coin, is popping off, throwing the market into a frenzy with some price speculations on the side. After its sideways price action between $0.15 and $0.19 from April 10th to May 8th, DOGE popped and now trades above $0.20.

On the bright side, the crypto market is buzzing with activity as we approach the second half of the year, with some traders going long on Binance and increasing Open Interest. The liquidations are also adding up, with up to $13 billion liquidated in the last 24 hours.

On-chain data shows that the majority of liquidations belonged to shorts, at 11.3 billion, compared to $1.6 billion for longs. Analysts suggest that this long-dominated scenario indicates a short squeeze, where a surge in prices prompts short sellers to exit positions, thus triggering the rally.

Dogecoin’s price

The price of Dogecoin is up 0.88% in the last 24 hours, with the meme coin currently trading between $0.1936 and $0.2115. It has also flipped its 50-day Exponential Moving Average (EMA) of $0.18 into solid support.

As the meme coin continues to heat up, it’s no surprise that traders are keeping a close eye on its every move. And with the recent price action, we could be seeing the beginning of a serious bull run for Dogecoin.

Dogecoin's Open Interest (OI) surged to $2.30 billion from $2.17 billion yesterday, reflecting increasing traders’ interest in the project. Binance and OKX remain the top platforms for trading DOGE, with $2.27 billion and $1.37 billion, respectively.

With $0.18 now a solid low support, Dogecoin is actively targeting $0.24 as its base to burst to $1 in the coming days.

Remittix's RTX token is now on presale

While Dogecoin is juggling between $0.19 and $0.21 and attempts to make a new support at $0.24, another crypto is heating up for launch.

Remittix, a revolutionary PayFi protocol, is rapidly approaching its mainnet launch, boasting a unique use case and promising significant potential gains for early investors.

Remittix's core product is its cost-efficient and easily integratable Pay API, designed to facilitate seamless crypto-to-fiat settlements in one simple step. Users can connect their wallets, specify the desired transfer amount, and the recipient will receive the funds instantly, with zero FX fees and a flat service fee.

Major altcoins like Chainlink and Aave are struggling to expand their use cases and follow the spot ETF route, but Remittix seems to be flexing big in potential gains and use cases.

Remittix is set to revolutionize the PayFi space with its groundbreaking Pay API. While fintech apps like Wise and Spribe have made strides in cross-border payments, they are limited to fiat-to-fiat settlements.

On the other hand, Coinbase offers crypto-to-crypto transfers, catering to the needs of cryptocurrency holders and the degens' lifestyle. However, Remittix takes it a step further by combining the advantages of both worlds.

Remittix will offer crypto-to-fiat settlements in one easily accessible payments API, aggregating liquidity from various sources to ensure optimal rates and seamless execution of transactions.

Moreover, Remittix will charge no FX fees, imposing a flat service fee on each transaction. The API will be compatible with major blockchains and crypto wallets, providing maximum convenience for users.

With its seamless integration, lightning-fast speed, and minimal fees, Remittix aims to revolutionize the online payments landscape, acquiring merchants and facilitating a new era of PayFi.

Remittix is currently in presale, with its native token, RTX, available for purchase at a special early-bird price. The token price is set to increase gradually as the presale progresses, with the final stage of the token sale set for June 26th.

Join the Remittix presale and be a part of the latest PayFi revolution.

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

The post Dogecoin price analysis: Is the meme coin setting up for a move to $0.24? appeared first on Finance Feeds.