Dogecoin Futures Surge 4,858% on Bitmex, Reaching $77.61 Million
- Futures Trading Surge: According to CoinGlass data, Dogecoin's futures trading volume on Bitmex skyrocketed by 4,858% to $77.61 million, reflecting growing investor interest in Dogecoin as a speculative asset, which could drive a price recovery.
- Price Volatility and Rebound: Despite experiencing three consecutive days of declines from January 6 to 8, Dogecoin has slightly rebounded by 0.31% in the last 24 hours, currently priced at $0.14, with an 8.36% increase over the week, indicating cautious optimism in the market regarding its future trajectory.
- Ecosystem Expansion: The corporate arm of the Dogecoin Foundation, House of Doge, announced a strategic partnership with abc Co., Ltd. and ReYuu Japan Inc., aiming to launch a joint fund and promote Web3 development, enhancing Dogecoin's real-world applications and ecosystem in Japan.
- Future Development Plans: House of Doge revealed significant plans for 2026, including the launch of a Dogecoin rewards debit card that will allow users to spend Dogecoin at over 150 million merchants globally, significantly increasing its utility and acceptance in both cryptocurrency and broader financial landscapes.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0455 | 0.0628 | 0.0815 | 0.0987 | 0.117 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0765 | 0.085 | 0.0987 | 0.112 | 0.121 | 0.135 |
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