As of December 24, 2024, Dogecoin’s open interest fell to 1.42 billion USD, signaling diminished trader confidence. This decline correlates with a significant 20% pullback in DOGE prices, indicating a bearish market sentiment.

The Mean Dollar Invested Age for DOGE is increasing, suggesting holders are inactive, which could drive prices down to 0.27 USD if these bearish trends persist. A recovery might occur if DOGE regains support around 0.35 USD.