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Dogecoin traders are doubling down on futures contracts despite a recent price pullback, signaling strong speculative interest. Open interest in DOGE futures surged 63.9% this week, defying the cooling momentum. Analysts are closely watching key support levels to gauge the next major price move.
- Dogecoin futures open interest spiked 63.9% to $1.62B despite price dropping from $0.25 to $0.22-$0.23 range
- Positive funding rates across major exchanges (0.0034%-0.0100%) show traders maintain long positions
- $0.22 support level becomes critical – holding could target $0.27, while breaking may trigger selloffs
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