Dogecoin signals recovery as retail money returns
DOGE increased by more than 2% and is approaching the psychological level of 0.10 USD, extending its recovery trend over the week. The rise in speculative activity around this meme coin is attracting many traders back to the derivatives market.
1. Retail investor money returns
In the past week, the crypto market has shown more stability as Bitcoin remains above 71,000 USD despite escalating US-Iran tensions. At the same time, DOGE increased by about 10%, indicating that selling pressure has eased and speculative money is starting to come back.
2. Derivatives market becomes more active
Data from CoinGlass shows that the Open Interest (OI) for DOGE futures contracts is currently around 1.18 billion USD, up more than 3% in 24 hours compared to the previous level of 1.05 billion USD. The increase in OI indicates that many traders are opening new positions, which is often a sign of money returning to the market.
Moreover, the funding rate remains positive, reflecting that the majority of traders are leaning towards a short-term price increase scenario.
The return of retail money and more active derivatives trading is supporting the recovery of DOGE. If the inflow continues to rise, this meme coin may soon test the 0.10 USD range in the near future.
