Dogecoin Price Spikes 2% Amid Broader Crypto Rally, Analyst Flags ‘Make-Or-Break Zone’ For Memecoin

Dogecoin (CRYPTO: DOGE) capped an otherwise underwhelming week on a high, rallying alongside the broader cryptocurrency market on Sunday.

Dogecoin Pares Losses

The world’s largest meme coin rose 2% in the last 24 hours, in line with other large-cap cryptocurrencies. DOGE’s trading volume jumped 41%, suggesting high liquidity and trader interest.

Derivatives traders became excited, with open interest in DOGE futures increasing 1.35% over the last 24 hours to $3.90 billion, according to Coinglass. 

Moreover, about 75% of all Binance traders with open DOGE positions were long as of this writing.

The latest spike erased some of the downsides from last week, when the meme behemoth lost 3.35% of its value. Over the month, …

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