DOGE Price Eyes Rebound Amid Declining Open Interest

2025-12-20 02:46

DOGE is showing signs of a potential rebound, trading above $0.1300 after a 6% rise, despite a significant drop in open interest. This price movement follows a decrease in U.S. CPI data to 2.7% year-over-year, which has renewed interest in risk assets. However, open interest in DOGE has plummeted 71% to $1.21 billion since October 10, raising concerns about the sustainability of this momentum. While Bitcoin remains a focal point for traders due to ongoing macroeconomic influences, DOGE's ETFs have shown weak inflows, with no net additions since December 10. Both retail and institutional demand for DOGE remains low as the market approaches the New Year.

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