Dogecoin Price Outlook as Futures Open Interest Nears $2B: What Next for DOGE?

Dogecoin price traded above $0.14 after a 20% weekly gain, riding the broader crypto market uptrend. The memecoin is now approaching a key resistance zone between $0.151 and $0.165. 

DOGE has risen 30% since December 31, the highest point since November 30. Its performance coincides with other meme coins such as Shiba Inu, PEPE, and Pudgy Penguins.

The overall market of meme coins is worth over $50 billion. The future interest of the Dogecoin has also soared to about 2 billion. In the meantime, the DOGE ETFs (spots) have increased by $3.9 million anew in 2026

The new flows and the attention of the trader indicate that the momentum may proceed as long as the resistance is overcome.

Dogecoin Futures Surge Toward $2 Billion

Dogecoin futures open interest has climbed to nearly $2 billion, marking one of the highest levels in its history. 

This influx is a sign of increasing confidence among traders, who are getting more and more geared up to make big moves in the price of DOGE.

JUST IN: 🐕 $DOGE (Dogecoin) futures open interest hits nearly $2 billion, signaling massive trader interest. pic.twitter.com/uZd305Tg4L

— CEO (@Investments_CEO) January 7, 2026

The sudden increase in open interest may be a sign of new money coming into the market, particularly on the side of leveraged traders who think that the market will go higher and lower as well.

This spike is in the context of wider popularity of meme coins and speculative altcoins. DOGE has regained momentum in the past few days, and futures market shows that traders are waiting to have increased volatility. 

Having the institutional products such as ETFs as a part of the DOGE ecosystem, the memecoin is becoming a more mature trading instrument.

Dogecoin Whales Accumulate 220 Million DOGE Tokens

Dogecoin recorded heavy whale activity over the past 24 hours as large holders accumulated more than 220 million DOGE.

 The activity of the transactions is indicative of the new interest of high-value investors in the recent market boom.

JUST IN: 🚨 Dogecoin whales purchased over 220,000,000 $DOGE in the last 24 hours. pic.twitter.com/7B3tZxaBRg

— CEO (@Investments_CEO) January 7, 2026

The buying spurt indicates an increase in confidence among whales as Dogecoin follows the trend of more crypto strength. 

Such accumulation is sometimes regarded as an indication of positioning in anticipation of a possible price movement by the market participants.

Will Dogecoin Price Break $0.15 In The Near Term?

The latest DOGE price traded at $0.14 on the 24-hour, showing mild short-term weakness.

DOGE price is still trading below the $0.15 level, which has limited attempts of upside since the recent rise. The RSI is at  54, indicating neutral momentum.

The MACD indicates a bearish crossover that occurs on the 4-hour time scale. Histogram bars have become negative, which points at decreasing upward momentum. 

In spite of this, MACD lines are above the zero line, which maintains constructive bias on a broader scale.  On the positive, short-term resistance is at $0.15 to $0.1550. An upward break above this may give a move to the upside to 0.1650.

Beyond that, the next upside target sits near the $0.20 zone as per detailed Dogecoin price analysis.

On the negative side, inability to hold $0.14 may undermine short-term structure. A failure can open Dogecoin price to $0.1350, after which it is exposed to $0.1280.