Dogecoin’s price stalls even as traders bet big – Mapping DOGE’s road ahead

The post Dogecoin’s price stalls even as traders bet big – Mapping DOGE’s road ahead appeared on BitcoinEthereumNews.com.

Dogecoin, Pepe, and dogwifhat saw major gains, showing a renewed interest in memecoins. Despite price dips, bullish sentiment remains strong across most top-performing meme tokens this week. The memecoin market has come back to life. Over the past week, several tokens in the sector have posted eye-watering gains, reigniting speculative fervor and social buzz across crypto circles. At the center of this revival stands Dogecoin [DOGE], which is also seeing a sharp rise in Futures Open Interest — a sign that traders are once again betting big on the first memecoin. 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…