Dogecoin’s price stalls even as traders bet big – Mapping DOGE’s road ahead

• Dogecoin, Pepe and Dogwifhat saw the main profits and showed renewed interest in memecines.
• Despite the price decreases, the Bull’s sentiment remains strong this week in most of the most important meme tokens.

MEMECOIN market has returned to life.

Over the past week, several tokens in this sector have published eye gains, rule with speculative enthusiasm and social buzzing across crypto circles.

In the middle of this revival stands Dogecoin [DOGE], Which also sees a sharp increase in the open interest of futures – a sign that merchants again set on the first memecoin.

The open interest rises in spite of the price of Cooldown

Dogecoin may have released its recent maximum, but derivative traders show no signs of backup.

Futures open interest for DOGE increased by more than 63% in just a week, according to $ 989 million to $ 1.62 billion, according to Data Glassnode.

This increase comes, although the Duge price faces short-term resistance-it does not indicate a growing ward between price action and traders.

Divergence shows an increased speculative appetite and suggests that traders are still betting on a larger shift.

Bulls show exhaustion

After strong rally This pushed dogecoin to a local maximum of nearly $ 0.25, the price action began to match.

The daily RSI was around 69 at the time of printing, just below the overflowed threshold and signaled the decreasing bull momentum. At the same time, the OBV immersed slightly, reflecting reduced shopping pressure.

While DOGE still holds $ 0.22 over the support zone, lack of subsequent hints of hesitation between buyers.

A break over $ 0.25 could again attract momentum upwards, but if you do not do so, this can lead to a short-term correction-especially if the open interest remains high without the appropriate power of volume.

MEMECOINS This week: Mixed Bag

While Dogecoin led with a weekly profit of 37.11%, others as Pep [PEPE] and Dogwifhat [WIF] overshadowed in terms of complete percentage growth.

Shiba inu [SHIB] and Bonk [BONK] They also published a solid weekly yield of 24.60% and 36.23%.

But not all tokens led the same – Fartcoin [FARTCOIN] saw a modest increase of 18.80%while Trump [TRUMP] And Wif fought higher daily losses.

There are selective optimism opposite memecoins, and newer participants are fast catching up as old tokens, such as the Duge face consolidation.