DOGE Sees $1.4B Volume Amid 3.5% Drop, Futures Open Interest Hits $2.67B With 70% Longs

Dogecoin (DOGE) is currently trading at approximately $0.21924 with a 24-hour trading volume between $1.21 billion and $1.4 billion, a market capitalization near $33 billion, and a 24-hour price decline of 3.48% based on Binance data. The recent price drop is attributed to profit-taking following a period of strong upward movement and heightened trading activity, as well as broader market corrections observed after Bitcoin’s recovery above $110,000. Despite the pullback, technical indicators remain neutral to bullish, with open interest in DOGEUSDT perpetual futures reaching $2.67 billion and over 70% of traders holding long positions, reflecting ongoing optimism and high engagement among market participants.