Dogecoin
Why Dogecoin is up 5.0% today
Analysis
Dogecoin (DOGE) rose about 5% over the past 24 hours as derivatives activity picked up, with open interest reportedly jumping 12%, signaling renewed trader participation and momentum. U.Today noted DOGE “regained momentum” alongside this open-interest surge, which likely supported the move higher.
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.