The average open interest Dogecoin 2 billion dollars in June, where prices are struggling with less than $ 0.2
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Dukwin open attention In focus, with this crucial scale that highlights the amount of interest the Upper Mimi currency gets at the present time. This comes at a time when Dog continues the struggle below $ 0.2, which provides a declining look at the Mimi currency.
The average open interest Dogecoin 2 billion dollars in June
Coinglass data He explains that the open interest Dogecoin (OI) has been hovering about two billion dollars since the beginning of this month. This represents a decrease in the open interest recorded in May. Duwaz Oi rose to $ 3.07 billion on May 11. The price of Meme Coin rose to $ 0.25.
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This decrease Dogecoin open attention It can be attributed to a decrease in the price of Doug since then. The MG currency began the month at the level of 0.2 dollars, which sparked Habudiya’s feelings. The open interest indicates the amount of interest in the derivative market for a specific asset. As such, the decrease in this scale is usually down.
However, it should be noted that the open interest is still above The monthly average registered in March and AprilDuring the period of Trump’s tariff in the stumbling of the encryption assets. At that time, Dog fell to $ 0.14 and was at risk of losing the bull market structure.
The Crypto Bitmonty analyst expects DOGE to return amid this decrease in the open interest. in X postHe said that the MIM is testing a 0.618 alternative from FIB and the lower borders of the fall of the fall. He added that this is a high area, and that the signs of reflection may raise the step of collapse soon. Bitmonty expects that Doge can gather to $ 0.26420 on this bounce.
Doge Prepare a bullish reflection
in X post,, Tardigrade Traderigrade Crypto Analyst indicated that the price of Dogecoin may be prepared to reversal. He revealed that Duji is due to a decrease in the previous swing, while the relative strength index shows a higher decrease. The analyst noticed that this could lead to SpacingNoting the poor momentum in the sale and early signs of a potential opposite to the upward trend.
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In another X postTrader Tardigrade stated that Dogecoin is expected to have a significant increase before entering a long -term decline. Interestingly, his accompanying plan showed this The mem currency can gather To a height of up to $ 30. However, this price increase is not expected to occur in this market cycle alone, as the 2029 graph emerges with the passage of the target year to reach this price level.
At the time of writing this report, the price of Dogecoin is traded at about $ 0.18, a decrease of more than 3 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Getty Images, Chart from TradingView.com
