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Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent?

CoinGape LogoCoinGape12h ago

Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent? - CoinGape

Quick Summary:

Dogecoin (DOGE) price has slipped to test a multi-month support level of $0.20 after the broader crypto market retraced, causing a record $880M in liquidations within 24 hours.

The decline in DOGE price forced the closure of many long positions, leading to a drop in open interest.

Per analyst Carl Moon, if Dogecoin can survive the current market conditions and successfully defend support, it may break out from a falling wedge pattern to target $0.44.


More Pictures

Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent? - CoinGape (Picture 1)Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent? - CoinGape (Picture 2)Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent? - CoinGape (Picture 3)Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent? - CoinGape (Picture 4)Dogecoin Price Slips as Open Interest Falls to 15-Week Low – Is a Crash to $0.10 Imminent? - CoinGape (Picture 5)

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 07:22:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 52 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26425627

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 25 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The outlet is headquartered in India and publishes an average of 25 news stories per day.

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  • URL: https://chronographically.beamstart.com/news/dogecoin-price-slips-as-open-17404682966436

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