Dogecoin Open Interest Surges Past $3B as DOGE Price Eyes $0.24 Breakout Target

Dogecoin Open Interest Surges Past $3B as DOGE Price Eyes $0.24 Breakout Target

Main notes

  • The open interest rates increased by 2.63 % above $ 3.01 billion, while trading volume decreased by 8.9 %, indicating that traders keep the similar phase.
  • Technical analysis shows the DOGE moving average resistance test at $ 0.206 with RSI recovery from sale conditions to 46.70.
  • Fracture of more than $ 0.21 can increase an increase in a $ 0.24 resistance area, while failure may pay the price to $ 0.188.

Dokwin

Dodge
0.21 dollars



24 hours fluctuation:
3.4 %


The maximum market:
30.86 dollars b



Folder. 24h:
$ 1.58 b

The price increased by 4 % on Monday, August 4, and reached $ 0.206 after it decreased to $ 0.19 during the weekend. This step was accompanied by a strategic rise in the markets of Dogcoin Futures, indicating more gains.

According to CoinglassDogecoin’s open interest increased by 2.63 %, exceeding $ 3.01 billion, while future trading volume decreased by 8.9 %. The volume of decrease indicates that most DOGE traders have chosen their long positions within the past 24 hours.


These dynamics indicate that the upcoming traders who held their long positions at the end of the week are now sitting on noticeable gains.

Dogecoin Devivative Markets Data | Coinglass, August 4, 2025.

Top Trader also reflects this positive transformation in the market morale, where the Long Binance/USDT/short accounts reach 2.7693 and the OKX DOGE/short accounts of up to 3.89. Meanwhile, short/short situations in Binance Doge Trader stand at 2.8642.

These long/short -short proportions of more than $ 100 million in capital flows inside the day confirm that senior traders are in an overwhelming position in the upward direction, which supports the DOGE Price Recorrative narration.

Predicting at Dogoin: Can Dog hold more than $ 0.21 for about $ 0.24?

Dogecoin price recovered by 10.75 % in two days, and half of the losses fell by 20 % from last week. Technical indicators now show the DOGE PRICE, simple, 5 -day moving medium test (SMA) at $ 0.201, while pressing the daily candle in the daily candle for SMA resistance for 8 days at $ 0.206.

If DOGE is separated over SMA for 13 days at 0.20958 dollars, that path may be opened towards re -testing the 0.24 dollar resistance area and confirming a full recovery from the last declining direction.

DOGECOIN price expectations | Dugus

DOGECOIN price expectations | Dugus

After verifying the health of the bullish narration, Dogecoin Rsi is now 46.70, up from the lowest level at the weekend 39, indicating a neutral momentum with a space to operate it before excessive conditions in its presence. On the contrary, if Doge fails to close more than $ 0.21 in the next 24 hours, sellers can resume control. Refusal can send the price to a $ 0.188 area.

In short, it is preferable to prepare the current short -term Dogecoin price in the short term, but it needs constant unification over an area of $ 0.21 to restore a floor above about $ 0.24.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

Dogecoin News (Doge), Crusher Currency News, News, Predicting Prices

Abraham class

Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.

Irahiah ajibade on connection.

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