Dogecoin futures reset to September levels

Dogecoin (DOGE) traders are showing early signs of accumulation after a market-wide liquidation spree last Friday, caused by a tariff standoff between the United States and ￰0￱ highest-ranked memecoin by market cap dropped 5% as its value tanked from a weekly high of $0.28 to settle near the $0.20 mark, following the downward trend of the broader crypto market after President Donald Trump slapped 100% tariffs on Chinese imports. DOGE’s futures market was hit particularly hard as leveraged positions unwound, though subsequent trading desk data suggests the token may be treading towards a short-term ￰1￱ drags DOGE price below $0.20 According to data from TradingView, DOGE was trading in a volatile $0.0117 (6%) range between $0.21 and $0.20 from Tuesday at 21:00 to the time of this ￰2￱ activity spiked to 568.6 million during an early Thursday-morning rally to $0.21 before sellers regained ￰3￱ Friday’s market bloodbath, the heaviest wave of liquidation occurred between 13:00 and 15:00 UTC, with turnover reaching 920 million as prices broke below the $0.21 support level downwards to $0.18.

When DOGE fell to $0.20 on 12 million volume, a potential exhaustion point for sellers, the price later stabilized near $0.20 into the daily close with diminishing ￰4￱ trading desks also reported buying interest near the $0.20 handle, which could mean some funds are anticipating a ￰5￱ open interest returns to September levels The open interest (OI) in Dogecoin futures reached a high of around $6.5 billion on September 14 and then declined slowly until the end of the month, according to data from the derivatives analytics platform ￰6￱ futures open interest (USD).