Dogecoin (CRYPTO: DOGE) traded flat on Sunday, even as a popular cryptocurrency analyst warned the memecoin lacks good support below current levels.
DOGE Lags Blue-Chip Currencies
Dogecoin rose less than 1% over the last 24 hours, even though trading volume for the dog-themed cryptocurrency surged 95% to $1.16 billion.
The coin lagged behind market heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which rallied 1.90% and 2.64%, respectively.
Despite the muted price, open interest for DOGE futures rose 1.27% in the last 24 hours, according to Coinglass, hinting …
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