NewsBTC
Jan 12, 2026
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Dogecoin Eyes Reversal Amid Rising Open Interest and Falling Volume

Dogecoin (DOGE) Market Overview:

  • DOGE traded at $0.14, up 0.25% in the last 24 hours, but down 7.40% over the week.
  • Trading volume decreased by 50%, indicating reduced market activity.

Technical Indicators:

  • RSI is at 52.70, suggesting balanced momentum without a clear trend.
  • Exponential Moving Averages (EMA):
    • EMA 20: $0.13
    • EMA 50: $0.14
    • EMA 100: $0.15
    • EMA 200: $0.17
  • The EMAs show a downward trend overall, with EMA 50 as a short-term resistance level.

Analyst Insights:

  • Upside targets identified at $0.15, $0.18, $0.20, $0.24, and $0.28.
  • Price above the 50-day average viewed as a potential signal of renewed momentum.

Chart Analysis

Market Data:

  • Open Interest increased by 1.70% to $1.80 billion, despite a 43% drop in trading volume to $1.30 billion.
  • Total liquidations were $596K, with long positions comprising $431K.

Market Outlook:

  • A move above EMA 50 ($0.14) may attract more buyers; failure to hold support at EMA 20 ($0.13) could question short-term strength.
  • Current indicators are neutral, with potential for sharper moves if volume recovers.

The market shows mixed signals with declining volume against rising Open Interest. Traders await confirmation of direction before making significant moves.