Dogecoin Draws New Attention As Open Interest Tops | Crypto News
According to CoinGlass and market studies, Dogecoin’s futures open curiosity breached the $3 billion barrier as merchants piled back into the memecoin on August 12.
The token climbed to $0.25 that day, and merchants recorded a one-day gain of 4.10% while market capitalization rose practically 4%.
Short bursts of shopping for pushed derivatives publicity greater, and that helped push DOGE back into headlines.
Open Interest Breaks $3 Billion
Reports have disclosed that futures merchants dedicated roughly 14.4 billion DOGE into positions over a single day — a determine that traces up with the $3.41 billion open curiosity studying when priced close to $0.25.
That quantity is putting because it means a large quantity of DOGE is sitting in unsettled contracts, not just spot wallets. Some merchants see this as a signal of renewed confidence.
Bullish Bets And Some Caution
Rising open curiosity alongside a rising price often reveals new money is coming in, and that is what many market watchers are pointing to now.
At the same time, derivatives quantity on some platforms has not saved tempo with OI, which might make the transfer fragile if momentum fades or if a large place reverses.
Reports from exchange data show futures quantity dipped while OI climbed, suggesting more merchants are holding positions reasonably than actively rotating them. That dynamic raises the possibility of sharp strikes if sentiment flips.
Analyst Targets And Market Signals
According to crypto analyst Ali Martinez, Dogecoin is forming a bullish flag on the hourly chart with a goal set at $0.27, a view he shared publicly on X.
Other market voices have identified that a clean break and greater trading quantity could be needed to make that goal more possible.
$0.27 next for Dogecoin $DOGE! https://t.co/bKkOj6fz2z pic.twitter.com/Z5MXTOA2fG
— Ali (@ali_charts) August 12, 2025
What Traders Should Watch Next
Based on data, keep an eye on funding charges, choices movement, and whether or not futures quantity begins to climb with open curiosity.
Funding price trends will show whether or not longs are paying to maintain positions, and sudden spikes in liquidations can pressure fast reversals.
Bitcoin’s strikes ought to also be on the radar; memecoins have a tendency to observe the big market swings. If price and OI both keep rising with stronger quantity, the bullish case beneficial properties some weight. If OI rises while quantity falls, the transfer appears to be like more brittle.
Dogecoin’s leap to about $3.41 billion in open curiosity and the dedication of roughly 14.41 billion DOGE into futures level to renewed trader curiosity.
Featured image from Unsplash, chart from TradingView
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