The big bull hasn't arrived yet, the real surge hasn't started~ If you like Dogecoin, why not pay attention to the #puppies concept of Musk, with a current market cap as low as 8M, there is definitely a lot of room for growth!
Crypto海绵
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Dogecoin Open Contracts Near Historic Lows: Is the Opportunity for DOGE to Surge in 2024 Coming to an End?
Due to a significant decline in open contracts and the inability to maintain key support levels, Dogecoin is facing stagnation.
The significant decrease in Dogecoin's open contracts reflects a reduction in trader optimism and market activity.
The recent price drop to $0.32 has raised concerns about DOGE's short-term recovery prospects. In April, Dogecoin (DOGE) saw its open contracts surge to an annual high of $12 billion! However, entering October, this figure has significantly retreated. Despite a brief rebound at the beginning of the month, the current open contracts are about to hit the lowest point since November 10. This decline mirrors Dogecoin's 20% price drop over the past week, causing many investors to start questioning Dogecoin's short-term outlook.
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