Future

Dogecoin

April

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<ul> 
 <li>The Dogecoin open interest has seen a massive crash in the last month, leading to concerns about the future prospects of the meme coin.</li> 
 <li>It is now a long way from its March all-time highs and has returned to the low levels of early February.</li> 
 <li>The reaction to a sharp drop in open interest has always been the same, ending with the price of the cryptocurrency seeing a decline.</li> 
</ul> 
<p><strong>Dogecoin’s open interest crashes by 66.5%, sparking concerns about the meme coin’s future. The price of the cryptocurrency could see a decline if the trend continues.</strong></p>
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<h2 id="strong-dogecoin-open-interest-sees-66-5-crash-strong"><strong>Dogecoin Open Interest Sees 66.5% Crash</strong></h2> 
<p>In March, the Dogecoin open interest had risen to a new all-time high of $1.91 billion after a month of steady increase. This was followed by an increase in the DOGE price as investors rushed to join the rally and secure gains. This steady growth would continue into the start of April, but since then, the price has been on a downtrend.</p> 
<h3 id="strong-decline-in-open-interest-and-doge-price-strong"><strong>Decline in Open Interest and DOGE Price</strong></h3> 
<p>Data from Coinglass shows that on April 1, the total Dogecoin open interest came... <a href="https://en.coinotag.com/massive-66-5-drop-in-dogecoin-doge-open-interest-implications-on-future-price-trends/">Read the full article for FREE at COINOTAG!</a></p>

Massive 66.5% Drop in Dogecoin (DOGE) Open Interest: Implications on Future Price Trends

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