Key Notes

Dogecoin price opened trading at $0.23 on Sunday, Sept 28 as Elon Musk’s Grok AI approval for US federal use triggered a rebound from the weekly timeframe lows near $0.21.

Open interest in Dogecoin futures jumped 2.9% to $3.9 billion as traders defied thin liquidity and weak sentiment.

Trump’s approval of Elon Musk’s Grok AI suggests renewed alignment between the two.

After plunging to 50-day lows near $0.21 on Friday, Dogecoin price rebounded from 4% to consolidate around $0.23 on Sunday, Sept 28 as traders reacted to Elon Musk-led Grok AI’s approval for federal government use.

Dogecoin prices formed a local bottom at $0.21 following on xAI’s official statement on Thursday, which outlined the expansion of its Frontier AI models to all US federal agencies for a period of 18

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