Dogecoin open interest hits two-month high above $1.2B

Dogecoin jumped over 10% in 7 days. Derivatives interest hit a two‑month high.

When Dogecoin cleared $0.10, futures open interest surged. Coinglass data shows OI peaked above $1.4 billion, then cooled but stayed over $1.2 billion.

Rising OI often tracks price. If price extends, OI can keep building. If price slips, OI can unwind fast. Context from NewsBTC and NewsBTC.

Spot volume has fallen as price paused. Analyst The Alchemist Trader calls it consolidation, which can precede a move. Notes and chart on TradingView and coverage on Bitcoinist.

The analyst sees support holding above $0.07. “As long as Dogecoin holds above the $0.07 support level, the structure remains favorable for a bullish breakout,” he wrote. He maps potential upside of 40% on a new volume influx, per NewsBTC and the TradingView chart.