Recently, DOGE has once again become the focus in the cryptocurrency market. After a brief pullback to $0.19 over the weekend, the price of DOGE saw a significant rebound yesterday, with an intraday increase of over 4%, reaching a high of $0.206, injecting new vitality into the market.



However, what is even more striking is the market dynamics behind DOGE. According to Coinglass data, the open interest for DOGE has increased significantly by 2.63%, surpassing the $3.01 billion mark. In stark contrast, the futures trading volume has decreased by 8.9%. This phenomenon reflects an interesting market sentiment: investors seem to prefer holding long positions rather than engaging in frequent trading.

This behavior pattern indicates that market participants have a high level of confidence in the future trend of DOGE. They choose to hold their positions, not easily closing or switching them, demonstrating a typical 'hold and wait' strategy. This strong bullish belief reflects some investors' optimistic expectations about the potential upward space for DOGE.

However, the cryptocurrency market has always been highly volatile, and investors must remain vigilant. Although the current market sentiment is leaning towards optimism, whether DOGE can break through the existing resistance level and achieve further gains still requires time to verify. Market observers are closely watching the subsequent performance of this digital asset, hoping it can create new highs during this rebound.
DOGE4.87%
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AirdropHuntressvip
· 08-07 23:53
Again, I hear the sound of mowing from the suckers market.
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PumpDetectorvip
· 08-07 07:05
classic retail fomo pattern... seen this movie before
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WalletDetectivevip
· 08-05 07:51
The pump of the long order is already full, just lay back and watch the show.
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ParanoiaKingvip
· 08-05 07:47
All in DOGE! Charge!
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WalletInspectorvip
· 08-05 07:44
This wave will definitely break 0.2
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HalfBuddhaMoneyvip
· 08-05 07:41
If you don't play people for suckers, you've lost.
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StrawberryIcevip
· 08-05 07:40
Bearish traders have stopped loss, right?
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