Dogecoin (DOGE) trades in the red at press time on Thursday, below the $0.0900 level, mounting pressure on the crucial support level of $0.0879. The meme coin is losing retail support under the weight of Donald Trump’s projection that the Iran war could last until late April, which sent oil prices back above $100. Technically, DOGE is at risk of breaking below its crucial support as selling pressure persists.
Dogecoin is losing demand
Dogecoin derivatives reflect bearish sentiment among traders, anticipating downside for the meme coin. CoinGlass data shows the DOGE futures Open Interest (OI) stands at $1.05 billion, down 0.81% in the last 24 hours, indicating a reduced notional value of open positions. This risk-off behavior aligns with the $4.55 million in liquidations in the same…
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Source www.fxstreet.com
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