Dogecoin price witnessing notable bullish momentum
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Moreover, the Open Interest of the coin has also risen during this time. CoinGlass data reveals that there is a jump of 9.58% in Dogecoin’s OI, currently standing at the $513.54 million level. It means that crypto traders have been showing greater interest and confidence in DOGE by increasing the number of open positions.is reflecting a market turnaround. DOGE, along with the broader crypto market, has been trading sidelines in the past few weeks.
However, the meme coin has been facing rejection from the $0.13 price level. For a more sustained price rally, it needs to overcome this resistance level and turn it into support. If With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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