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Dogecoin contract experiences a significant pullback; the consolidation range is for subsequent breakout momentum.
【Crypto World】Market plunges, and Dogecoin is no exception. In 24 hours, open contracts shrank by 4.03%, dropping from $1.51 billion directly, and the coin price also loosened, down 1.22% to $0.127.
Interestingly, Dogecoin had risen earlier, and now it’s fluctuating between $0.126 and $0.135, seemingly gathering strength for the next move. This position is neither too low nor too high, and it’s in a consolidation phase. Although this market adjustment is fierce, it also provides many with the opportunity to reassess Dogecoin’s trend.