Dogecoin price has suffered a fifth consecutive day of losses, dropping to 0.2062 USD, with a significant fall in futures open interest as risk-averse sentiment spreads in the cryptocurrency market.
The futures-weighted funding rate for DOGE has decreased to an average of 0.0069, indicating waning interest in long positions. Key support levels are critical as bearish pressure mounts, with technical indicators signaling potential further declines.
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