DOGE Surges Back After 8% Weekend Drop: $1.82B Open Interest and Top 10 Market Cap

Dogecoin (DOGE) experienced a 2.26% price decline over the past 24 hours, with the current price at $0.15204 on Binance, opening at $0.15555. The price movement was primarily driven by heightened market volatility linked to global macroeconomic uncertainties and geopolitical tensions, which led to an 8% correction over the weekend before a sharp rebound. Increased trading volume—over five times the daily average—signaled strong buyer interest at key support levels, resulting in a quick recovery from lows near $0.143 to above $0.153. On-chain data indicates accumulation, and open interest in DOGE derivatives stands at $1.82 billion with a long/short ratio of 2.89, reflecting a predominance of long positions. The market remains active, with 24-hour trading volume between $1.72 and $2.02 billion and a market capitalization of approximately $22.9 billion, positioning DOGE among the top 10 cryptocurrencies by market cap despite ongoing volatility.