Dogecoin
Why Dogecoin is up 1.0% in the last hour
Analysis
Dogecoin (DOGE) rose about 1.0% over the past hour as derivatives activity picked up, with open interest reported to have jumped 12%, signaling increased trader positioning and renewed momentum. U.Today noted DOGE “regains momentum” alongside this surge in open interest, which likely supported the short-term uptick.
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.