Dogwifhat's open interest experienced a significant 16% rise as its price continued to trade below $1.90 since August 25. This surge in open interest has attracted attention, with one trader noting the emergence of a potential reversal pattern.
The increase in open interest suggests growing interest and speculation among traders, which could result in significant price movements if the reversal pattern materializes.
Dogwifhat, a less-known cryptocurrency, is capturing the market's focus with this unexpected development, highlighting the dynamic nature of crypto investments.
