Dogecoin recently peaked at 0.259 USD on May 11, 2025, before its decline. Traders are now eyeing this drop as a possible bear trap, given the dynamics of Open Interest hovering around 3.70 billion USD.
Despite the recent dip, DOGE’s robust structural demand reflects strong investor confidence. As market conditions stabilize, DOGE might rise toward 0.30 USD, drawing in further investor interest.
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