The meme coin has registered a 4.05% increase over the past 24 hours, accompanied by an 8.5% surge in trading volume.
Dogecoin (DOGE) price shows signs of recovery as it trades at $0.33 on January 30.
The meme coin registers a 4.05% increase, accompanied by an 8.5% surge in trading volume.
Exchange outflows reach $11.50 million, indicating accumulation by investors.
A bullish double-bottom pattern on daily timeframes emerges, hinting at potential upward price movements.
Major exchanges like Gate.io, Bitget, and BingX show renewed activity with respective increases in open interest.
The total open interest in Dogecoin returns to the $4 billion mark as traders participate more actively in the market.
Technical indicators, including the RSI at 45, suggest room for further upward movement before overbought conditions.
Price action analysis reveals potential for a 25% move to the upside if the current support at $0.31 holds.
Binance shows signs of reversing the trend toward decreased market participation with a 1.41% increase in open interest over the last four hours.
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