Dogecoin’s Latest Move Has Traders Watching One Risk That Could Flip The Rally
Dogecoin surged 10.9% to $0.1101 in 24-hour trading Wednesday, breaking above $0.10 with $2.91 billion in volume, according to CoinGecko. Meme-token presales Pepeto and AlphaPepe cited the rally to promote early-stage listings, but their claims remain unverified. Rising futures open interest has increased the risk of a sharp reversal if leveraged longs exit. Dogecoin’s market cap reached about $16.9 billion.