1. Open Interest on the Rise
In the last 24 hours, open interest (OI) in Dogecoin futures reached $3.41 billion, with 14.41 billion DOGE committed to active contracts. This reflects a strong return of market optimism.
2. Whale Buying Increases
Large investors added 680 million DOGE since August 1, raising their holdings to 98.56 billion DOGE, the highest level since December.
3. Technical Infrastructure in Favor
A Golden Cross (EMA 50 crossing above EMA 200) is observed, a classic signal of an upward trend. The technical structure in smaller timeframes also points upwards.
4. Volume Situation and Consolidation
Although spot volume has decreased, OI remains strong, suggesting that longs are betting on continuity rather than flipping positions.
5. Resistances and Technical Objectives
DOGE tests resistances at $0.24 – $0.2407, with clear potential towards $0.27 in case of a breakout. A more ambitious extension could reach up to $0.2848 if momentum holds.
6. Risks to Consider
Derivatives with high OI can amplify both unexpected rises and falls.
Without a clear breakout above resistances, we could see quick corrections towards supports like $0.22 – $0.21.
Conclusion
Dogecoin is showing a perfect combination of technical and institutional signals: record OI, whale accumulation, and bullish technical setups. If it manages to surpass $0.24 with volume, the path to $0.27–$0.28 is open. But be careful: any technical reversal or lack of capital flow could turn this rally into a bearish trap. The key will be to monitor volume, Open Interest, and price action at resistances.
