Dogecoin futures now boast an open interest of 16.24 billion DOGE, marking a significant 48% rise in July. This increase reflects a growing demand for bullish bets among traders.
The price of Dogecoin has increased by 47%, breaking past a bearish trendline at over 24 cents, indicating a shift toward a bullish market. The uptrend is further supported by positive funding rates, suggesting maintaining interest in leveraged positions.
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