Dogecoin
Why Dogecoin is up 1.1% in the last hour
Analysis
Dogecoin (DOGE) rose about 1.1% over the past hour as traders appeared to regain bullish momentum alongside a reported surge in derivatives positioning. U.Today noted DOGE “regains momentum” while open interest jumped roughly 12%, which can coincide with increased trading activity and short-term price strength.
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
High confidence in the explanation based on source reliability and timing.