Key Notes

Dogecoin price rebounds 3% to $0.20 on Sunday, October 19, after Elon Musk’s X announces a new marketplace for unused usernames.

Traders speculate Dogecoin integration into XHandles payments as open interest rises 10.62%.

Short traders still dominate derivatives markets despite weekend price recovery.

Dogecoin price bounced 5% to $0.20 on Sunday, October 19, boosted by Elon Musk’s X, launching a new marketplace for unused usernames.

Dogecoin price had closed its second consecutive losing week at $0.18, shedding 35% from its local top of $0.27 recorded on October 6. Dogecoin’s sensitivity to market sentiment reared its head this month, with macro headwinds and major market liquidations contributing to its underwhelming performance in the last two weeks.

Dogecoin Price Rises

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