• Dogecoin’s Open Interest surged by 19% in the past 24 hours as traders bet heavily on the memecoin.
• DOGE bulls appeared to be dominating the asset.

Dogecoin [DOGE], the largest token of the crypto meme sector, has been continuously making waves in the realm of the crypto industry with its impressive performance.

Over the past few days, DOGE has registered a gain of over 45%, and now seems poised for another 50% rally in the coming days.

DOGE’s bullish speculation is based on its recent price action, significant interest from traders and investors, and positive on-chain metrics. 

Dogecoin technical analysis and key levels 

According to AMBCrypto’s technical analysis, DOGE was at a crucial resistance level of $0.223 at press time — a level it last reached in March 2024. 

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Author: Chanakya