Dogecoin Trades Near $0.10 in Narrow Range

Dogecoin hovered near $0.10 this week, trading within a narrow range between $0.095 support and $0.10 resistance after a broader cryptocurrency market pullback led by Bitcoin's decline from $79,500.

The meme coin posted a roughly 3 percent weekly gain but remained flat to slightly lower over the past 24 hours, with a price around $0.098 and trading volume exceeding $1.4 billion, up 57 percent from the prior day, according to CoinMarketCap data. Futures open interest surged 33 percent over five days to $1.37 billion and rose another 3 percent in the last day, signaling heightened leveraged positioning from traders on both sides, per CryptoQuant analyst Maartun. Whale wallets holding 1 million to 100 million DOGE increased to 4,920 from 4,872 in January, indicating accumulation during the sideways action, Santiment on-chain data showed.

Technical indicators reflected building tension. The Relative Strength Index stood at 56 on TradingView, in neutral-to-bullish territory above the 50 midline, while the MACD remained just above its signal line on daily charts. Dogecoin has consolidated for weeks following a 60 percent drop from October highs, testing the $0.10 ceiling multiple...