Dogecoin Attempts Breakthrough, Traders on Alert
After a period of stagnation, Dogecoin has recently experienced a clear revival in activity. This recovery raises questions about its ability to sustainably break through the $0.19 resistance. This positive momentum follows various encouraging signals, including increased investor interest in derivatives markets and a return of “crypto whale” flows. However, network usage indicators remain mixed, which could hinder price progression.
Dogecoin has bounced vigorously from the demand zone around $0.13-0.15, accompanied by a 15.78% increase in open interest on derivatives, now reaching $2.09 billion. Meanwhile, options volume has exploded by 402%, signaling growing speculative appetite among traders. These indicators suggest investors are targeting continued upside, with median resistance at $0.19 and then $0.26 in their sights.#Dogecoin $DOGE