DOGE (Dogecoin) decreased by 2.91% in the past 24 hours, currently trading at $0.12. According to Gate News Bot, as of December 30th, based on CoinMarketCap data, at press time, DOGE (Dogecoin) is trading at $0.12, down 2.91% in the past 24 hours, with a high of $0.13 and a low of $0.12. The 24-hour trading volume reached $992 million. The current market capitalization is approximately $20.605 billion, down $618 million from yesterday. Important recent news about DOGE: 1️⃣ Short-term speculative funds are accelerating their exit, while long-term holders are gradually increasing their on-chain holdings. Data shows that the proportion of short-term traders holding for 1 week to 1 month has dropped sharply from 7.73% at the end of November to 2.76% in late December, a decrease of over 64%. This large-scale early withdrawal of short-term funds helps alleviate panic selling pressure near support levels. In contrast, the share of long-term holders (holding for 1 to 2 years) has increased from 21.84% to 22.34%. Although a modest increase, it is generally seen as an early sign of weakening downside risk, reflecting a positive divergence in market bullish and bearish structures. 2️⃣ Rapid decline in on-chain activity indicates that selling pressure is nearing completion. The total amount of tokens spent across the network has significantly shrunk, with DOGE transfer volume dropping from about 250 million to less than 100 million, a decrease of over 60%. Historical experience suggests that a rapid cooling of on-chain activity often signals that short-term selling pressure has nearly been released, providing room for a rebound. The ongoing decline in activity at this stage indicates that market participants are largely on the sidelines, and extreme selling pressure may have been mostly exhausted, creating conditions for price stabilization near key support levels. 3️⃣ Increased volatility expectations in the derivatives market pose a technical challenge. DOGE futures trading volume surged approximately 53,000%, reaching $260 million, with single-day trading volume soaring to 639 million coins, about double the average level. This significant increase in derivatives positions reflects a clear rise in market expectations for future volatility. As a typical high-beta asset, DOGE is especially sensitive to position changes and liquidity contraction. The current technical structure shows the price moving along the lower edge of a downward channel, forming a bearish flag pattern. The support zone between $0.124 and $0.120 is under pressure, but the combination of easing on-chain selling pressure and derivatives mechanisms puts the price direction at a critical juncture. 4️⃣ Shift in capital allocation logic weakens meme coin attractiveness. The market saturation is changing capital allocation strategies. While speculative funds are easily attracted by short-term narratives, the fundamental issues of meme coins supporting long-term value are increasingly evident. In contrast, AI tokens are gradually becoming core assets in the crypto market. For example, projects like Bittensor (TAO) still maintain market cap levels above early 2025, while DOGE has fallen about 50% during the same period. This market divergence reflects a reassessment of "long-term value" versus "short-term hype" by investors. AI tokens demonstrate stronger resilience in terms of volatility and capital retention, creating a structural suppression of funds flowing into meme coins like DOGE. 5️⃣ Active leverage token trading on the Gate platform provides liquidity support. Over the past 30 days, Gate ETF has traded approximately $5 billion, supporting 256 tokens and providing a sufficient liquidity environment. Among them, leveraged tokens like DOGE5L have been active, attracting many traders. The platform employs daily and irregular rebalancing mechanisms, triggering immediate rebalancing during sharp market fluctuations to automatically bring leverage back to the target level, effectively maintaining leverage within a healthy and stable range. This system design offers a structured risk management framework for DOGE trading. This news is not investment advice; please be aware of market volatility risks. #加密行情预测