Dogecoin
Why Dogecoin is down 1.9% in the last hour
Analysis
Dogecoin slipped 1.9% over the past hour as traders appeared to lock in gains or reduce risk despite signs of improving derivatives activity. U.Today reported DOGE “regains momentum” alongside a 12% jump in open interest, which can coincide with heightened leverage and short-term volatility that sometimes leads to quick pullbacks even when broader positioning is building.
Contributing Factors (1)
Dogecoin Regains Momentum as Open Interest Soars 12%
Dogecoin's futures traders have swung into full action over the past day, with its open interest soaring past 12% over the period as its price turns bullish.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.