Dogecoin jumps 4.87% as derivatives squeeze pushes DOGE toward $0.095

  • Dogecoin gained 4.87% in 24 hours as leveraged positions unwound.
  • DOGE open interest rose 8.5% in one hour to $282 million.
  • Traders are monitoring $0.088 support ahead of the September 11 U.S. CPI report.

Dogecoin gained 4.87% in 24 hours to $0.0902, outperforming Bitcoin and the broader crypto market as leveraged positions unwound in a derivatives-driven rally. DOGE open interest (outstanding derivatives contracts) rose 8.5% in one hour to $282 million during a wave of short liquidations. The token also gained about 6% over the past week, while traders focused on whether it could hold $0.088 and preserve the breakout structure. CoinMarketCap data identifies $0.0813 as key support, with $0.075 below it. Technical indicators included a golden cross (bullish moving-average crossover) on the hourly chart and a morning doji star on the daily chart. The September 11 U.S. CPI report is the next major scheduled catalyst, while DogeOS, DOGE-1, merchant payments, DOGE Pay, House of Doge and ETF access remain developments cited by market participants.

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Dogecoin jumps 4.87% as derivatives squeeze pushes DOGE toward $0.095 - CoinPost Terminal