# Dogecoin price climbs above $0.07 as open interest jumps 10%

**Published:** 2026-08-14T04:37:13.003Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/5d296196-3248-4d8b-9e04-ab20dd2ab3b4

Dogecoin rises 0.81% to $0.0713, open interest up 10% to $1.27 bn, key support $0.07 and breakout target $0.075.

Dogecoin surged 0.81% to $0.0713 in the last 24 hours, breaking above the $0.07 support level while derivatives open interest rose 10% to $1.27 bn, signaling fresh speculative interest and a potential move toward $0.075 if the breakout holds【1】.

| At a glance | |
|---|---|
| Price | $0.0713 |
| 24h change | +0.81% |
| Key level | Support $0.07; breakout target $0.075 |
| Catalyst | Open interest up 10% to $1.27 bn; softer US inflation data |

## Derivatives surge fuels the rally  
Dogecoin’s futures and options markets saw a near‑doubling of trading volume to $1.39 bn, while open interest climbed 10% to $1.27 bn, indicating that new positions are being added rather than closed【1】. The biggest jump was in option volume, up 318.05%, though turnover remained modest at 100.41. Such inflows often precede heightened volatility, but they do not guarantee a sustained price rise.  

## Technical backdrop and near‑term targets  
On the four‑hour chart, DOGE broke out of the Ichimoku “Kumo” cloud after 87 days of confinement, a bullish signal noted by analyst Trader Tardigrade【1】. Holding above $0.07 could see the price retest $0.072–$0.0735 before aiming for $0.075, while a slip below $0.07 would expose the next support near $0.068【1】. Momentum indicators show a neutral RSI at 50.98 and a modestly positive MACD histogram, supporting a cautiously bullish outlook.  

## Market context and risk factors  
The price lift coincided with softer US inflation readings—headline inflation rose 0.1% month‑over‑month and the annual rate eased to 3.4% from 3.5%—which bolstered risk‑on sentiment across crypto assets【1】. Bitcoin’s price hovering above $63,700 provided broader market support. However, the surge in open interest also reflects heavy leverage, meaning that a sharp correction could trigger liquidations and reverse gains quickly【2】.  

## What to watch  
- **Price thresholds:** $0.075 (breakout target) and $0.068 (next support).  
- **Open interest level:** A further rise above $1.3 bn could intensify volatility.  
- **Macro cue:** Any shift in US inflation expectations that alters risk appetite.  

Dogecoin’s ability to sustain the breakout hinges on whether new speculative inflows translate into real buying pressure, a dynamic that will become clearer as price tests the $0.075 level.

## Sources
1. Coingape — [Dogecoin Price Eyes Breakout as Open Interest Surges 10%: Is $0.1 Next?](https://coingape.com/markets/dogecoin-price-eyes-breakout-as-open-interest-surges-10-is-0-1-next/)
2. Analyticsinsight — [Dogecoin Price Analysis: Will DOGE See a Bullish Run After ...](https://www.analyticsinsight.net/cryptocurrency-analytics-insight/dogecoin-hits-010-open-interest-climbs-but-can-bulls-sustain-the-rally)

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Cite as: TrendWatcher, "Dogecoin price climbs above $0.07 as open interest jumps 10%", https://www.trendwatcher.in/article/5d296196-3248-4d8b-9e04-ab20dd2ab3b4