Dogecoin Rallies Even As Musk-Floated DOGE Initiative Ends: Popular Analyst Sees ‘Buy Signal’ That Previously Led To 101% Rebound

Dogecoin (CRYPTO: DOGE) traded higher overnight Sunday, despite the Department of Government Efficiency, the once-hyped government cutting initiative by Elon Musk, getting disbanded.

DOGE Outperforms Bitcoin, Ethereum

The popular memecoin was up over 2% in the last 24 hours, with trading volume rising 2.43% to $1.5 billion. In fact, DOGE outgained Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) in the said time period.

The spot price increase piqued the curiosity of derivatives traders, with open interest in DOGE futures surging …

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