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Dogecoin whales buy 200M DOGE, open interest hits $1.08B, signaling potential breakout to $3.25

Market News
20 Jul 2026
Coingape
View Source
Bullish
pluang ai news

Dogecoin whales recently purchased 200 million DOGE worth about $14 million via Robinhood, signaling strong buying interest. Open interest in Dogecoin derivatives surged to $1.08 billion with a 114% increase in trading volume, indicating rising market speculation. Analysts see a double-bottom pattern on Dogecoin's weekly chart, suggesting a possible breakout that could push the price up to $3.25 if resistance levels are overcome. The current price holds above $0.07 support, with buying momentum strengthening despite minor price fluctuations.

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