Dogecoin’s open attention continues to decline, causing a declining look at the first Mimi coin. Based on historical data, the DOGE price is at risk of additional disruption thanks to the decrease Her open attention.
DOGE price in danger as open interest slides for Dogecoin
Dog’s price is at risk with open interest slides for Dogecoin. Coinglass data He explains that the current interest is currently at $ 1.57 billion, less than its peak on January 18, amounting to $ 5.42 billion. As less than the registered levels In December 2024When Dog began to decrease from the highest local level of about $ 0.46.
The slide in the open interest of Dogecoin indicates that merchants are currently on the margin and the choice of trading or investing in Meme, which may cause more Dog’s price To decline. Besides collapse in an open interest, other factors also paint a downward look at the first Mimi currency and can cause prices to collapse.
one Donald Trump’s mutual tariffWhich threatens to cause global collapse, is unlikely to spare risk origins such as Dogecoin. Thanks to this total development, the DOGE price has already decreased from the highest weekly level of about $ 0.20, and even at risk of entering the bear market area.
The encryption analyst Ali Martinez warned that Dukwin was in a Level. He stated that if the price of Doge exceeds $ 0.16, it may collect to $ 0.57. However, if you fail to retain $ 0.16 support, a decrease of up to $ 0.06 can occur. The Crypto Master Kenobi analyst also indicated that the decrease of less than $ 0.14 can represent the end of Doge’s Bull Run.
The budget predictions of the fever
Despite the declining expectations of the Doug price, some analysts are still optimistic about the Dogecoin path. Cryptoelites explained that Mimi’s first currency has reached the bottom. An analyst predicts that Dog can At least $ 2 By the end of April or May. His accompanying scheme showed that Dogecoin can gather until up to $ 2.7.
Expecting the encryption analyst, also knowing that the price of Doug could exceed $ 2, with the outbreak of DOGECOIN from A. Multi -year descending triangle. The analyst stated that this penetration has been confirmed by an increase above the Ichimoku and RSI cloud resistance. He added that Duji also shows a strong upward momentum.
Tardigrade, an analyst at Crypto, has revealed that Dogecoin is formed in reverse head and shoulders as a bottom. He claimed that both shoulders and head were formed and that the next step is the outbreak of the neckline, which would raise a crowd to $ 0.2.
At the time of this report, the DOGE price is traded at about $ 0.16, a decrease of more than 2 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Istock, Chart from TradingView.com
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