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Dogecoin OI Blasts Past $1.9 Billion as DOGE Price Rallies 5%
Market participants will closely monitor open interest, trading volume, and price movements to assess the sustainability of this recent upward trend. In recent times, external catalysts, such as Elon Musk and the Department of Government Efficiency (DOGE), have fueled investor enthusiasm for the popular memecoin.
However, traders should remain vigilant, as the high Open Interest (OI) could also lead to increased volatility. For now, Dogecoin’s resurgence in open interest and price suggests that the beloved meme coin is far from fading into extinction. Its next big move could be just around the corner.
Source: https://u.today/dogecoin-oi-blasts-past-19-billion-as-doge-price-rallies-5
