Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound
The crypto market is experiencing a resurgence, with Dogecoin's open interest rising above $4 billion, indicating increased trading activity. Dogecoin's price has rebounded from the $0.31 support level, leading to a 3.11% increase in open interest over the past 24 hours. The Gate.io exchange has seen a notable increase of 5.14% in Dogecoin open interest, totaling $1.64 billion, while Bitget and BingX reported increases of 6.41% and 6.67%, respectively. Binance remains slightly negative at -0.13% but shows signs of recovery. Increased open interest suggests more leveraged positions, potentially leading to greater price volatility. Dogecoin is currently trading at $0.3316, reflecting a 7% gain, with the next resistance level at $0.3316 for further upward momentum.
