- 99: traders polymarket They are betting on the rise in the price of memecoin Dogecoin.
- According to technical analysis, DOGE is currently trading in a downward channel.
- At the same time, old positions are not closed, but new ones are opened.
In a day contract polymarket 99% of players are betting on the exchange rate to rise Dogecoin (DOGE), but the hourly contract shows only a 6% upside chance. Day traders are seeing short-term weakness, while the overall market is bullish.
April contract volume polymarket is $129,748, expiring on May 1. The $0,10 strike price leads with a 68% probability, 18 pips higher than the recent forecast. Confidence then drops sharply. The $0,15 strike price is 8%, 42 pips lower than the previous forecast. The $0,20 strike price is 2%.
Bye DOGE traded at $0,0945, below the supertrend at $0,10278 in a downward channel that has been forming since October 2025.
A descending channel, originating from the October peak at around $0,24, continues to define the daily chart. The upper resistance line was at $0,1050 until mid-April, and the lower line was at $0,0750. In March and early April, DOGE traded in the lower half of the range, failing to consolidate above the midline.
Memcoin trading volume increased by 64,44% to $2,64 billion, while open interest increased by 9,79% to $1,20 billion. The increase in both indicators indicates that new positions are being opened rather than closed. Options activity confirms this—trading volume increased by 28,11% to $378,73.
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