Dogecoin
Why Dogecoin is down 2.2% today
Analysis
Dogecoin (DOGE) fell 2.2% over the past 24 hours even as derivatives positioning picked up, suggesting the market may have been volatile and prone to pullbacks. U.Today reported DOGE “regains momentum” alongside a 12% jump in open interest, which can coincide with increased leverage and sharper short-term price swings that don’t always translate into immediate spot gains.
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.