• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Dogecoin

Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2

n70products by n70products
June 6, 2025
in Dogecoin
0
Dogecoin Open Interest Averages  Billion In June As Price Struggles Below alt=
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Purpose to belief

logo

Strict editorial coverage that focuses on accuracy, relevance, and impartiality

Created by business specialists and meticulously reviewed

The best requirements in reporting and publishing

Strict editorial coverage that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Dogecoin’s open interest is in focus, with this significant metric highlighting the quantity of curiosity that the highest meme coin is getting in the intervening time. This comes as DOGE continues to wrestle beneath the psychological $0.2 degree, offering a bearish outlook for the meme coin. 

Dogecoin Open Curiosity Averages $2 Billion In June

Coinglass data reveals that Dogecoin open curiosity (OI) has been hovering round $2 billion for the reason that begin of this month. This represents a drop from the open curiosity recorded in Could. DOGE’s OI had climbed to as excessive as $3.07 billion on Could 11 because the meme coin’s price surged to $0.25. 

Associated Studying

This drop in Dogecoin open interest may be attributed to the drop in DOGE’s worth since then. The meme coin started the month beneath the psychological $0.2 degree, which has sparked bearish sentiments. Open curiosity refers back to the quantity of curiosity within the derivatives marketplace for a selected asset. As such, a drop on this metric is often bearish. 

Dogecoin
Supply: Chart from Coinglass

Nonetheless, it’s value mentioning that the Dogecoin open curiosity remains to be above the monthly average recorded in March and April, through the interval when the Trump tariffs triggered crypto belongings to tumble. Again then, DOGE dropped to as little as $0.14 and was liable to dropping its bull market construction. 

Crypto analyst BitMonty expects DOGE to bounce again amid this drop within the Dogecoin open curiosity. In an X post, he stated the meme coin is testing the 0.618 Fib retracement and the decrease boundary of a falling wedge. He added that this can be a excessive confluence bounce zone, and reversal indicators may spark a breakout transfer quickly. BitMonty predicts that DOGE may rally to as excessive as $0.26420 on this bounce. 

DOGE Setting Up For A Bullish Reversal

In an X post, crypto analyst Dealer Tardigrade indicated that the Dogecoin worth could also be organising for a bullish reversal. He revealed that DOGE is returning to the earlier swing low, whereas the RSI reveals a better low. The analyst famous that this might result in a bullish divergence, indicating weakened promoting momentum and early indicators of a possible reversal to the upside. 

Associated Studying

In one other X post, Dealer Tardigrade acknowledged that Dogecoin is anticipated to expertise a big surge earlier than coming into a protracted falling wedge pullback. Curiously, his accompanying chart confirmed that the meme coin could rally to as excessive as $30. Nonetheless, this worth surge isn’t anticipated to occur in simply this market cycle alone, with the chart highlighting 2029 because the goal yr to achieve this worth degree.

On the time of writing, the Dogecoin worth is buying and selling at round $0.18, down over 3% within the final 24 hours, in keeping with data from CoinMarketCap.

Dogecoin
DOGE buying and selling at $0.18 on the 1D chart | Supply: DOGEUSDT on Tradingview.com

Featured picture from Getty Photographs, chart from Tradingview.com



Source link

Tags: AveragesBillionDogecoinInterestJuneOpenPriceStruggles
Previous Post

ZK-Proof Blockchain Altcoin Lagrange (LA) Lifts Off Following Announcement of New Coinbase Support

Next Post

XRP Price To $27? Top Analyst Unveils Key Technical Setup

Next Post
XRP Price To ? Top Analyst Unveils Key Technical Setup

XRP Price To $27? Top Analyst Unveils Key Technical Setup

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Sergey Nazarov Says Chainlink in Conversations With All Top Financial Institutions in US, Asia and Middle East

Sergey Nazarov Says Chainlink in Conversations With All Top Financial Institutions in US, Asia and Middle East

June 18, 2025
Pundit Shows Similarities Between 2023 And 2024

Pundit Shows Similarities Between 2023 And 2024

September 4, 2024
Bitcoin Mining Banned in Kuwait as Power Grid Reaches Breaking Point

Bitcoin Mining Banned in Kuwait as Power Grid Reaches Breaking Point

May 3, 2025

Recents

Who wants to buy a crypto basis-trade backed synthetic stablecoin?

Who wants to buy a crypto basis-trade backed synthetic stablecoin?

June 28, 2025
U.S. stock Futures hit record highs – Could Bitcoin be next to break out?

U.S. stock Futures hit record highs – Could Bitcoin be next to break out?

June 28, 2025
Crypto Exchange Bitvavo Secures Dutch MiCA License

Crypto Exchange Bitvavo Secures Dutch MiCA License

June 28, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version