👉👉Dogecoin (DOGE) Analysis: Remains Stable Above $0.10 👈👈

Despite the decline in Dogecoin's value, Chaikin Money Flow (CMF) remains bullish, indicating potential buying momentum. Dogecoin (DOGE) has lost activity in the derivatives market due to the steady price decline in recent weeks.

At the time of writing, meme coin's total open position was recorded at $2.51 billion, its lowest level since the beginning of the year.

Activity Decreases in Dogecoin Derivatives Markets

Open interest refers to the total number of all option or futures contracts that have not yet been closed or settled.

A decrease in the open position indicates that existing contracts are closed and new positions are not opened. This indicates that interest or activity in the market has decreased.

While this article was being written, DOGE's open position was at $2.51 billion. This downward trend has decreased by approximately 80% since June 8. A month ago, meme coin's open interest was over $10 billion, indicating a strong decline.

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