Featured News Headlines
Dogecoin Open Interest Doubles as Bulls Hold Strong
Dogecoin– This week, a staggering $15 billion poured into the memecoin sector, pushing its market share to 2.26% — a clear sign of renewed risk appetite among traders. Leading the charge, Dogecoin (DOGE) soaked up nearly $10 billion in fresh inflows, fueling a massive 30%+ weekly rally that’s now testing a crucial resistance level near $0.25.
DOGE Posts Strongest Quarter in Years
Technically, Dogecoin is on track for its best quarter in 2025, boasting a 52.4% gain so far. This breaks a painful four-year losing streak in Q3 and hints at a potential new bullish phase for the beloved memecoin.
With less than two weeks left in the month, bulls are holding firm — could DOGE close above $0.26 for the first time since February? The momentum suggests it’s possible, but caution remains.
Long Positions Climb — But Is the Floor Solid?
Traders have doubled the open interest on DOGE, adding almost $2 billion this week to reach $4 billion, levels unseen since January. Yet, the trade isn’t without risk. One savvy investor recently took profits of $2.14 million and jumped back in with a 10x leveraged long on 84 million DOGE, setting a liquidation price at $0.19.
This raises the question: Does DOGE have enough steam to push toward the $0.30 target, or is a sharp pullback imminent, risking a cascade that could wipe out leveraged longs?
What’s Next for DOGE?
On-chain data and analyst sentiment hint that the current rally may be running out of fuel. While the memecoin hype is real, a breakout beyond $0.30 seems unlikely as Q3 kicks off — but the crypto market loves surprises.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
