koinmilyoner
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Bullish
🌟 Dogecoin Still Flexing — Open Interest Holds Over $3B
Dogecoin open interest fell from July to August because to the price decline. Price problems caused by unclear market conditions have made investors more cautious, resulting in this gradual drop. We examine Dogecoin open interest and its performance over the last week, with the risk of a price reversal.
Dogecoin Open Interest Exceeds $3 Billion
Dogecoin open interest is strong while not reaching record highs. In January 2025, open interest reached $5.5 billion, its greatest amount ever, before falling. In July 2025, this peak seemed to be exceeded. The month peaked at $5.35 billion before falling again.
Going into August, Dogecoin open interest is down 40% from July's high. However, open interest has remained at $3 billion, indicating that meme currency interest is still high.
Since open interest has recovered from its early August lows, the Dogecoin price may follow suit. Over time, large open interest has correlated with price rises. Even in recent open interest changes, the price has wobbled.
Based on Dogecoin's August performance, the meme currency might be hit or miss.
Dogecoin has gained 7% this month following a rapid jump. If Bitcoin and Ethereum values continue to grow, the meme coin may rise as well, and August might turn green like it did in 2021 when Bitcoin halved.
#DOGE #BTCReclaims120K #ETH4500Next? #CryptoIn401k #USFedNewChair $DOGE $BTC $ETH
Dogecoin open interest fell from July to August because to the price decline. Price problems caused by unclear market conditions have made investors more cautious, resulting in this gradual drop. We examine Dogecoin open interest and its performance over the last week, with the risk of a price reversal.
Dogecoin Open Interest Exceeds $3 Billion
Dogecoin open interest is strong while not reaching record highs. In January 2025, open interest reached $5.5 billion, its greatest amount ever, before falling. In July 2025, this peak seemed to be exceeded. The month peaked at $5.35 billion before falling again.
Going into August, Dogecoin open interest is down 40% from July's high. However, open interest has remained at $3 billion, indicating that meme currency interest is still high.
Since open interest has recovered from its early August lows, the Dogecoin price may follow suit. Over time, large open interest has correlated with price rises. Even in recent open interest changes, the price has wobbled.
Based on Dogecoin's August performance, the meme currency might be hit or miss.
Dogecoin has gained 7% this month following a rapid jump. If Bitcoin and Ethereum values continue to grow, the meme coin may rise as well, and August might turn green like it did in 2021 when Bitcoin halved.
#DOGE #BTCReclaims120K #ETH4500Next? #CryptoIn401k #USFedNewChair $DOGE $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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