Dogecoin Open Interest Exceeds $3 Billion Amid Price Recovery to $0.206
Dogecoin price increased 4% to $0.206 on August 4, recovering from a weekend low of $0.19. This rise is supported by bullish actions in Dogecoin futures markets.
- Open Interest for Dogecoin rose 2.63%, exceeding $3.01 billion.
- Futures trading volume declined by 8.9%, indicating traders are holding long positions.
- Top trader data shows long/short ratios: Binance at 2.7693 and OKX at 3.89.
- Over $100 million in intraday capital inflows supports bullish sentiment.
Technical analysis indicates that if DOGE breaks above the 13-day SMA at $0.20958, it could revisit the $0.24 resistance level. The RSI is currently at 46.70, suggesting neutral momentum.
If DOGE does not maintain above $0.21, it may face downward pressure toward $0.188.
The ongoing $BEST token presale by Best Wallet has raised over $14.25 million, attracting bullish traders.