The open interest for Dogecoin (DOGE) has reached $2.37 billion, with a 3.03% increase in the last 24 hours. This indicates new money entering the market and potentially confirming existing price trends. The price of Dogecoin currently stands at $0.2569 per coin, showing a 2% decline in the past week. The crypto market is experiencing sluggish price action due to reduced optimism for Fed easing. Dogecoin is in a descending channel pattern, but bulls aim to hold the $0.23 support level. A relief rally could push the price to $0.28, while a fall from the current level could suggest the bears are still in control and bring the price down to $0.20. A break above $0.28 would indicate strong buying, potentially leading to an advance to the 50-day SMA at $0.32.



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