Dogecoin open curiosity has crashed from its July peaks to decrease ranges with the value drop that carried into the month of August. This regular decline has include the value struggles triggered by unsure market headwinds which have seen buyers take a extra conservative stance available on the market. In this report, we check out the Dogecoin open curiosity and the way it has carried out during the last week, with the opportunity of a worth reversal.
Dogecoin Open Interest Still Above $3 Billion
The Dogecoin open curiosity has nonetheless remained excessive regardless of not breaking its all-time excessive ranges but. Back in January 2025, the open curiosity had reached $5.5 billion, which stays its highest stage but, earlier than crashing again down. Then, in July 2025, it appeared as if this peak could be surpassed. However, the month’s excessive was solely $5.35 billion earlier than spiraling again downward once more.
After the July peaks, there was a 40% decline within the Dogecoin open curiosity going into the month of August. So far, although, the open curiosity has managed to remain at a median of $3 billion, suggesting that there may be nonetheless a number of curiosity within the meme coin.
With what seems to be like a restoration within the open curiosity, bouncing off from its early August lows, the Dogecoin worth might be gearing as much as observe by way of. Historically, intervals of excessive open curiosity have coincided with intervals of worth rallies, a pattern that has been maintained over time. This is even noticeable within the fluctuations which have dominated the open curiosity not too long ago, as the value has wobbled accordingly.
Where Could The DOGE Price Be Headed?
Looking on the historic efficiency of Dogecoin within the month of August, it reveals that it might be hit and miss for the meme coin. There have been extra pink closes for this month in comparison with inexperienced closes over time, with the final three years in a row closing within the pink, knowledge from Coinglass reveals.
However, there was some bullish momentum for Dogecoin this month after a fast bounce, placing it thus far at an approximate 7% enhance already. If the Bitcoin and Ethereum costs do proceed to rally, then it’s attainable that the meme coin will rise in tandem and the month of August may sloe within the inexperienced prefer it did again in 2021 in a post-Bitcoin halving yr.
Featured picture from Dall.E, chart from TradingView.com
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