Dogecoin (DOGE) edges lower at the time of writing on Wednesday, extending losses from its daily high of $0.0956. A broader outlook shows crypto prices correcting from gains driven by Iran’s tentative ceasefire deal with the United States (US), which saw Bitcoin (BTC) trade above $72,200 and Ethereum (ETH) above $2,200.
Retail demand mildly increases as Dogecoin wobbles
Retail demand for Dogecoin shows signs of a potential comeback, with futures Open Interest (OI) rising to $1.19 billion on Wednesday, from $1.07 billion the previous day. A steady increase in the OI supports a sustainable uptrend as investors increase their risk exposure.
For context, Open Interest previously peaked near $6 billion, coinciding with Dogecoin’s rally to $0.31 and highlighting strong investor risk…
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Source www.fxstreet.com
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