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Binance News
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Dogecoin Open Interest Reaches July Peak Amid Price Surge
According to Odaily, recent data from CoinGlass reveals that Dogecoin (DOGE) open interest (OI) has surged to approximately $647.19 million, marking its highest level since July. Over the past four days, OI has increased by 19%. Currently, DOGE is trading around $0.133, with a notable rise of up to 18.82% over the past week. However, analyst Magnate cautions investors about potential risks. If the price drops to the level it was seven days ago, around $0.1194, it could trigger long position liquidations.
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