Dogecoin Price Drops as Year-End Selling Pressure Impacts DOGE
The price of Dogecoin (DOGE) has declined, breaking through a support level and reaching $0.123, according to a CoinDesk report. This drop is attributed to year-end selling pressure impacting the cryptocurrency. Despite the price decrease, open interest in Dogecoin futures has increased, surpassing $1.5 billion, suggesting that futures traders are maintaining their exposure to the meme coin. The development indicates continued activity in the Dogecoin market despite the price downturn.
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