Dogecoin News Today: Dogecoin Surges 4.07% in 24 Hours as Futures Open Interest Hits $3.78 Billion

Dogecoin's price has surged by 4.07% in the past 24 hours, reaching $0.2512. This upward trend is supported by a significant increase in futures open interest, which hit $3.78 billion on July 19, 2025, surpassing previous yearly highs. The weekly chart for Dogecoin shows a breakout above the $0.20 mark, with Bollinger Bands expanding and volatility increasing sharply. This technical breakout signals a strong bullish move for the cryptocurrency.

The recent price action of Dogecoin indicates a robust upward trend. The cryptocurrency's price has climbed 26.11% on a weekly basis, coinciding with a breakout above key resistance levels and the expansion of Bollinger Bands. This technical indicator suggests increased volatility and a potential continuation of the upward price movement. The weekly price performance, coupled with the expanding open interest, points to a bullish sentiment among traders.

Dogecoin's market capitalization has risen to $37.72 billion, reflecting a 4.08% gain. The daily trading volume reached $6.15 billion, showing strong trading activity with a volume-to-market cap ratio of 16.31%. The price chart illustrates an upward trend with a sharp rise from $0.240 to above $0.255, maintaining a steady position near the day’s highs. The surge in price value aligns with the expanding open interest, which reached $3.78 billion as of July 19, 2025. This level surpasses most historical highs, indicating renewed buyer activity and a strong bullish move.

The weekly chart for Dogecoin reveals a notable technical breakout, marked by a sharp rise in price and increased volatility. The latest candle closed at $0.25047, posting a 26.11% gain for the week ending mid-July 2025. This marks the first close above the 20-week moving average since early March. The Bollinger Bands, calculated with a 20-period simple moving average, now show clear expansion. The upper band has shifted upward while the lower band has turned lower, reflecting rising volatility after weeks of price compression. The breakout candle closed above both the middle and upper bands, pointing to a strong bullish move. Throughout Q2 2025, DOGE exchanged in a tight range between $0.155 and $0.200 as the price movements remained limited during that stretch. The recent breakout breaks that pattern, pushing above the previous range ceiling. This new weekly candle now stands as the strongest since early 2025. The 20-period moving average sits at $0.18388. Current price levels remain well above that support zone. The size and position of the latest candle confirm momentum strength during the week. Although volume is not displayed, the sharp move implies renewed buyer activity.