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Dogecoin Price Forecast: DOGE plummets as retail investors exit amid broad market sell-off
Dogecoin (DOGE) holds near support at $0.1000 at the time of writing on Wednesday, as bears tighten their grip on assets across the crypto market. The leading meme coin remains on the back foot, weighed down by risk-off sentiment, low retail activity and weak technicals. Dogecoin faces a weakening derivatives market, with futures Open Interest (OI) falling to $1.16 billion on Wednesday, down from $1.27 billion the previous day. Dogecoin’s futures OI surged to a record $6 billion on September 14, a stark contrast to the current weak status of the derivatives market. A persistent decline in OI adds to selling ... (full story)
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