TL;DR

Open interest spikes: Dogecoin open interest hit $3.41 billion, rising over 3 percent in four hours as traders rotate back into risk. Roughly 14.41 billion Dogecoin are tied to futures positioning.
Technical setup: Price tapped $0.24 amid a broader rebound, while an hourly bullish flag points to continuation if momentum holds. A confirmed breakout would target roughly $0.27.
What to watch next: Liquidity pockets near recent highs, liquidations, and a clean reclaim of local resistance remain key confirmation signals. Suggesting an underlying demand that could fuel follow-through.

Dogecoin is gaining attention again as derivatives traders are entering the market, increasing open interest to $3.41 billion on major exchanges in the past 24 hours. The notional tally grew over 3 percent in just four hours, signaling a sharp shift in risk appetite after weeks of sideways trade. Approximately 14.41 billion DOGE are currently locked in futures positions, indicating strong speculation on short-term volatility. After tagging $0.24 on August 12 during a broader crypto rebound, analysts are eyeing whether the setup can propel the price toward $0.27.

$0.27 next for Dogecoin $DOGE! https://t.co/bKkOj6fz2z pic.twitter.com/Z5MXTOA2fG

— Ali (@ali_charts) August 12, 2025

Open interest surge points to breakout potential

Open interest indicates the value of futures and options that are still open and not settled. When OI increases along with a strengthening spot market, it often signals upcoming directional movements. The latest upswing mirrors a broader improvement in market tone, with traders rotating back into higher beta plays as liquidity returns. The speed of the build raises the odds of a swift move once price breaks from its current compression.

Futures positioning shows conviction despite mixed volume

Despite the lower intraday spot volume, the amount of capital invested in Dogecoin derivatives has increased, with 14.41 billion tokens used as collateral or exposure in the last 24 hours. Market capitalization ticked higher by nearly 4 percent over the same stretch, hinting at steady spot demand beneath the derivatives activity. That combination can act as dry powder for momentum if bids deepen around key intraweek levels.

Technical setup favors continuation if momentum holds

Dogecoin’s push to $0.24 reset short-term structure and drew attention to a developing bullish flag on the hourly chart. If the pattern confirms with a convincing breakout and follow-through, the next measured objective sits near $0.27 according to prominent chart watchers. Momentum studies remain supportive on lower time frames, though fatigue could appear if buyers fail to defend fresh gains.

What to watch as volatility builds

Traders are monitoring liquidity pockets around recent highs and the reaction to any sharp increase in liquidations that could force a cascade. Sustained positive funding and a clean reclaim of local resistance would strengthen the case for continuation and embolden trend followers.

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Filed under: News - @ August 13, 2025 3:30 pm