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Dogecoin open interest surges, raising hopes of short-term rally

Dogecoin open interest has climbed above $629 million, raising the possibility of a short-term shift in direction as derivatives positions grow quickly. While the token remains below $0.10, traders have increased bets, particularly on Binance, where open interest has risen sharply over five days. Analysts caution the buildup does not guarantee a trend reversal and could instead amplify volatility, with price seen stuck in a $0.094 to $0.104 range.