Dogecoin Price Climbs Above $1 as Open Interest Soars, DeFi Activity Fuels Momentum

Dogecoin is experiencing a significant surge in price, pushing past the $1 mark and reaching new heights. This momentum is fueled by increasing open interest in derivatives markets, a rise in value locked within decentralized finance platforms, and substantial whale accumulation of 2 billion DOGE. The cryptocurrency’s upward trajectory is supported by dynamic market cycles, with bullish signals observed through technical indicators like oscillator readings.