Dogecoin (CRYPTO: DOGE) fell overnight Sunday, mirroring a broader cryptocurrency market decline.​

DOGE Gives Up Gains

The dog-themed memecoin fell nearly 2%, with trading volume surging 87% over the last 24 hours.

DOGE appeared poised to end the week on a losing note, reversing gains from earlier in the week.

Interestingly, speculative activity in the coin rose, with open interest in DOGE futures surging 4.64% in the last 24 hours, according to CoinGecko. An increase in open interest, alongside a drop in spot price, typically suggests opening of new short positions, a sign of bearish sentiment.

That said, the percentage of Binance traders positioned long on DOGE increased from 68% to 70%…

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