DOGE derivatives trading suddenly becomes active. Can $0.13 become a key support?

2026-01-12 07:13:42

Dogecoin recently faced pressure in the spot market, with the price falling below the $0.13 level, drawing significant attention from traders. The latest data shows that the current DOGE price is $0.14, with a 24-hour change of +0.19%.

More notably, there has been abnormal activity in the derivatives market. Futures trading volume surged to $260 million, a month-over-month increase of 53,000%, indicating strong market expectations of future volatility. As spot selling pressure intensifies, contract traders are increasing their positions, suggesting that traders are well-prepared for short-term market fluctuations.

From a technical perspective, $0.13 has become a key psychological level. If Dogecoin can regain this level, it may trigger short covering and lead to a rebound. Conversely, losing this support could result in further downside. The market is currently in a sensitive period, and the active derivatives trading indicates that market participants expect continued volatility. Investors should closely monitor price movements.

DOGE2,49%

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