Dogecoin’s price is under pressure as it approaches a potential death cross pattern, coinciding with a decrease in momentum for the recent $DOGE ETF. The situation is exacerbated by a notable decline in futures open interest, suggesting waning investor interest. Analysts are watching for the implications of this technical pattern, which could signal further challenges for the cryptocurrency. As the market reacts to these developments, traders are closely monitoring the price movements and market sentiment surrounding Dogecoin.
