Dogecoin (DOGE) appears to cool off after an impressive rally. Recent data from CoinGlass shows that open interest in Dogecoin derivatives has dropped by 4.47% within the last 24 hours, settling at $1.96 billion. This figure falls significantly below the $3 billion average seen during November and December 2024. As speculative trading declines, many are left wondering if Dogecoin can regain its former momentum. Will this popular meme coin bounce back, or will resistance levels hold strong?