Dogecoin gains 1.47% as Bitcoin tops $80,000 and DOGE nears $0.09

  • Dogecoin gained 1.47% and traded above $0.0885 as Bitcoin rose past $80,000.
  • DOGE open interest increased 3.84% to $1.35 billion, according to Coinglass data.
  • DOGE faces $0.09 resistance, with $0.095 and $0.10 as higher levels.

Dogecoin rose 1.47% over 24 hours to trade above $0.0885 on Saturday as Bitcoin climbed above $80,000 and lifted major cryptocurrencies. Total crypto market capitalization reached $2.88 trillion, its highest level since January, while XRP gained 10% and Ethereum moved above $2,600, its highest point in eight months. DOGE open interest, the value of active derivatives positions, increased 3.84% to $1.35 billion, while options volume jumped 427.20% and options open interest rose 416.69% to about $85.54k. DOGE reached $0.08803 during the latest four-hour period, according to a TradingView chart timestamped 4:58 p.m. UTC, after gaining 1.53%. The token had earlier declined toward $0.079 on September 16, where demand strengthened. A sustained close above $0.09 would put $0.095 in focus, followed by $0.10 if that resistance breaks. Failure to clear $0.09 could send DOGE toward $0.085, then potentially $0.080. Its daily RSI (Relative Strength Index, a momentum indicator) moved above 70, a level commonly associated with overbought conditions. The recovery followed Bitcoin's rebound from a move toward $75,000 after a Federal Reserve rate increase, alongside policy developments including progress on a Strategic Bitcoin Reserve bill, passage of a crypto tax bill, proposed crypto rules submitted by the CFTC (U.S. derivatives regulator) to the White House, and the SEC's (U.S. securities regulator) encouragement of on-chain stock trading.

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