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Dogecoin futures surge amid bullish trader sentiment despite 70% price drop year-over-year

Technical Signals
13 Aug 2026
Blockonomi
View Source
Bullish
Dogecoin futures surge amid bullish trader sentiment despite 70% price drop year-over-year

Dogecoin's price remains around $0.07, down about 70% from last year, but futures open interest has risen to $1.21 billion, signaling increased trader optimism. Trading volume jumped 95%, with options seeing strong growth. Exchanges like Binance and OKX show a strong bias toward long positions, indicating bullish sentiment. Technical analysis suggests potential for a significant price rally if key support levels hold, supported by easing US inflation and a likely Fed policy pause in September.

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