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Dogecoin Loses $0.13 Support as Derivatives Bets Soar

Futures volumes have ballooned, pointing to heightened volatility rather than a firm rebound.

Overview

  • Dogecoin trades around $0.12–$0.13 after a steep 2025 slide of roughly 58%–61% from the start of the year.
  • CoinGlass and BitMEX data show DOGE futures volume spiking as much as 53,000% to about $260 million as heavy spot selling knocked price below the $0.13 floor.
  • Technical analysts say a sustained reclaim of $0.135–$0.138 on higher time frames could confirm upside toward roughly $0.14–$0.16, with some scenarios extending toward $0.20 if momentum builds.
  • New U.S. spot Dogecoin products from REX‑Osprey (DOJE) and Grayscale (GDOG) have drawn minimal assets, with total ETF net assets near $5.4 million by late December.
  • Structural headwinds persist, including an uncapped supply adding about 5 billion DOGE annually, limited developer activity near 23 full‑time contributors, and thin real‑world adoption.