The overall downturn in the crypto market has affected Dogecoin. Yesterday, within 24 hours, the open interest of Dogecoin futures contracts shrank to $1.51 billion, a decrease of 4.03% week-on-week. The price itself also couldn't withstand the pressure, falling 1.22% to $0.127.
Looking back at the previous trend, Dogecoin did experience a good rally. Currently, it is fluctuating within the range of $0.126 to $0.135 — it seems the market is repeatedly testing this price level while also accumulating energy for the next move. The short-term technical outlook still has support, but the future direction depends on whether the overall market gives an opportunity.
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NeverVoteOnDAO
· 6h ago
Dogecoin can't hold up this time either, dropping quite sharply. But to be honest, the range between 0.126 and 0.135 has been oscillating repeatedly, which feels like it's accumulating energy. Let's wait for the market to warm up.
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ApeWithNoChain
· 6h ago
Fell again? Dogecoin is so resilient, the contract has shrunk by almost 5 points.
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ZeroRushCaptain
· 6h ago
Dogecoin is bleeding again, I knew it would happen, it's always the same trick.
Range fluctuation? That's just the main force accumulating, waiting for me to rush in and then they dump the market. I'm definitely a contrarian indicator.
At the 0.127 level, I bet 5 dollars that it will break again soon.
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NFTFreezer
· 6h ago
Dogecoin has dropped again, and more people are getting liquidated on contracts. This market cycle is really exhausting.
The overall downturn in the crypto market has affected Dogecoin. Yesterday, within 24 hours, the open interest of Dogecoin futures contracts shrank to $1.51 billion, a decrease of 4.03% week-on-week. The price itself also couldn't withstand the pressure, falling 1.22% to $0.127.
Looking back at the previous trend, Dogecoin did experience a good rally. Currently, it is fluctuating within the range of $0.126 to $0.135 — it seems the market is repeatedly testing this price level while also accumulating energy for the next move. The short-term technical outlook still has support, but the future direction depends on whether the overall market gives an opportunity.