Dogecoin Frenzy Returns — OI Smashes $3.41B 🚀🐕
August 12 saw traders flood back into Dogecoin, sending futures open interest soaring past $3.41 billion with over 14.4 billion DOGE committed in a single day. Price jumped to $0.25, gaining +4.10%, as bullish sentiment returned.
Rising OI alongside price suggests fresh capital entering the market, but with futures activity slowing, the rally could be fragile if momentum fades or large positions unwind. Analysts say a clean breakout and higher trading volume are crucial for sustained gains.
🔍 Next to Watch:
Funding rate trends 📊
Options flow activity 📈
Futures volume growth with OI
Bitcoin’s price action for memecoin momentum
💬 Do you think DOGE can maintain this rally, or is a sharp pullback around the corner?