Dogecoin data from CoinGlass has revealed that more than 84.9M DOGE worth around $12.8M were liquidated from both long and short traders over the past day. Despite the liquidation, the Dogecoin price recorded a daily surge of over 6%, bouncing from a low of $0.143. Its trading volume recorded an over 44% surge in just a day. Polkadot (DOT), which has started the week positively, has recorded an over 2% surge as it tries to regain the $4 mark. Notably, Lunex Network is quickly emerging as the next big project with its DeFi innovation. The project is already offering over
The post CoinGlass Data Reveals DOGE Movement, DOT and LNEX Showing Bullish Patterns appeared first on The Merkle News.
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DOT could witness an increase in demand after Polkadot’s launch of an intercommunication blockchain tool.
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But the token still risks falling by more than 30% based on a classic bearish continuation setup.
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The bullish outlook appears as Polkadot prepares to auction highly anticipated parachain slots on its network.
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Steady development and strong fundamentals suggest that DOT’s rally toward a new all-time high is in the making.
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Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close.
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Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term.
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Polkadot emerged as one of the best-performing tokens week-to-date as traders’ focus shifted on DOT’s listing at Coinbase Pro and Kusama’s first-ever parachain auction, set to go live on Tuesday.
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Polkadot and Kusama prices rose as Master Ventures announced a $30 million Polkadot ecosystem fund.
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The open interest of Polkadot futures soared to $1 billion, eclipsing Litecoin and XRP to make DOT the third-largest futures market.
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