Dogecoin Stalls Despite Heavy Trader Bets – Where’s DOGE Headed Next?

Dogecoin’s price action flatlines—even as leveraged positions pile up. Retail traders keep throwing gasoline on the meme coin, but the market isn’t biting. What gives?

Technical outlook: DOGE dances below key resistance

The charts show a classic standoff: bullish volume meets stubborn resistance at $0.15. Whales aren’t buying the hype—liquidity pools suggest big players are sitting this one out. Meanwhile, perpetual swap funding rates scream overconfidence from the Robinhood crowd.

Macro factors at play

With Bitcoin ETF flows dominating crypto capital rotation, altcoins like DOGE get crumbs. The ‘number go up’ crowd forgets: markets don’t care about your Twitter memes when real money moves elsewhere. Another harsh lesson in speculative asset cycles—but hey, at least the dog jokes never get old.

Open Interest soars despite price cooldown

Dogecoin may have eased off its recent highs, but derivatives traders are showing no signs of backing down.

Futures Open Interest for Doge has surged by over 63% in just a week, climbing from $989 million to $1.62 billion, according to Glassnode data.

Source: Glassnode

This spike comes even as DOGE’s price faces short-term resistance — hinting at a growing decoupling between price action and trader positioning.

The divergence shows elevated speculative appetite and suggests that traders are still betting on a larger MOVE ahead.

Bulls show exhaustion

After a strong rally that pushed dogecoin to a local high near $0.25, price action had begun to flatten out.

The daily RSI hovered around 69 at press time, just below the overbought threshold, signaling waning bullish momentum. At the same time, OBV dipped slightly, reflecting reduced buying pressure.

Source: TradingView

While DOGE still holds above the $0.22 support zone, the lack of follow-through hints at hesitation among buyers.

A break above $0.25 could reignite upside momentum, but failure to do so may lead to a short-term correction —  especially if Open Interest remains high without matching volume strength.

Memecoins this week: A mixed bag

While Dogecoin led with a weekly gain of 37.11%, others like Pepe [PEPE] and dogwifhat [WIF] outshined in terms of sheer percentage growth.

Shiba Inu [SHIB] and Bonk [BONK] also posted solid weekly returns of 24.60% and 36.23%, respectively.

Source: CoinMarketCap

However, not all tokens fared equally — Fartcoin [FARTCOIN] saw a modest 18.80% rise, while OFFICIAL TRUMP [TRUMP] and WIF struggled with higher daily losses.

There is selective Optimism across memecoins, with newer entrants catching up fast even as legacy tokens like DOGE face consolidation.