Key Insights
Dogecoin has surged 30% in early 2026, reaching its highest price level since late November amid market-wide meme coin rallies.
Futures open interest for Dogecoin doubled from $1 billion in December to $2 billion, signaling stronger investor engagement.
Spot DOGE ETFs recorded steady inflows, pushing total net assets to $10.6 million, highlighting continued institutional interest.
Dogecoin has rebounded significantly, with its price climbing by approximately 30% since reaching a low on December 31. This surge marks its highest level since the end of November. The price movement mirrors gains seen across the broader meme coin sector, including tokens like Shiba Inu, Pepe, and Pudgy Penguins.
According to CoinGecko, the total market capitalization of meme coins has now surpassed $52 billion. This rise reflects an increase in investor confidence and renewed interest in speculative digital assets. The broader crypto market has also experienced a shift toward risk-on sentiment, pushing asset prices upward.
Futures open interest and ETF inflows rise
Dogecoin’s futures market has seen a sharp increase in activity. Open interest rose from $1 billion in December to nearly $2 billion this week. This growth indicates increased trader participation and growing demand. At the same time, spot DOGE ETFs have attracted consistent inflows. SoSoValue reported $2.3 million in inflows on Friday, followed by $1.6 million on Monday, bringing total net inflows to $6.2 million and net assets to $10.6 million.
Source: TradingView
The technical chart for Dogecoin highlights a falling wedge breakout. This pattern, formed by narrowing descending trendlines, typically suggests a potential bullish reversal. Indicators such as the Percentage Price Oscillator and the Relative Strength Index showed bullish divergence before the rally, reinforcing the breakout signal.
Investor sentiment improves across markets
CoinMarketCap data shows the Crypto Fear and Greed Index has risen to 43, up from a low of 10 in December. The improvement in sentiment, along with gains in traditional assets like gold and equities, reflects broader optimism in financial markets.
Looking ahead, technical projections suggest Dogecoin could climb toward the $0.1885 level. This price point represents a psychological resistance area and aligns with the 38.2% Fibonacci retracement level, which traders often use to gauge potential trend continuation.
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