Overview
- DOGE trades near $0.1145 after a month-long climb of about 20%, with the 200-day exponential moving average around $0.123 identified as the next key barrier.
- Futures activity has picked up, with open interest reported between $1.71 billion and $1.83 billion and spot volume up about 38% to $3.67 billion.
- Momentum has improved as the Relative Strength Index nears 67, while price holds above clustered 50- and 100-day moving averages that sit near $0.103 to $0.106.
- Derivatives data captured a short squeeze with roughly $17 million in short liquidations over four hours, and some traders flag $0.15 to $0.20 as potential follow-on levels if resistance breaks.
- Chartists point to a bullish MACD divergence and a possible third accumulation phase, though outsized targets such as $0.6533 and $1.25 remain speculative without a confirmed break above the 200-day EMA.