Dogecoin is currently trading at $0.404, up 5.6% in 24 hours and 400% year-to-date. The cryptocurrency is testing a critical resistance level at $0.40, with potential to reach $0.43 if breached. New institutional adoption includes Valour introducing the first Dogecoin ETP in the Nordics, while funding rates show increased appetite for long positions at 0.025%.
Open interest remains high at $3.25 billion, indicating strong market participation.
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<p>The post Dogecoin on the Rise: Key Developments and Technical Analysis first appeared on CoinBuzzFeed.</p>
