Dogecoin jump 15% as DOGE futures OI hit $1.81B
Dogecoin (DOGE) jump almost 15% for one day, comot pass di $0.10 resistance and reach near $0.112. Di move na come from DOGE futures: open interest rise over 28% to $1.81B, di highest since Oct 10. CoinGlass data show about $21.33M DOGE short liquidations vs about $451K long liquidations, wey help change positioning quick from bearish to bullish.
Shiba Inu (SHIB) too rally, up over 6% to around $0.00000656. 30-minute “golden cross” (50-period MA above 200-period MA) add short-term bullish technical signal. Binance-listed SHIB perpetual futures see open interest increase by nearly 14%.
Traders suppose also watch the U.S. Fed, rates dey expected to remain 3.50%–3.75% after the meeting, fit make volatility rise after the initial meme-coin breakout.
This na market news, no be investment advice.
Bullish
DOGE up-side bin strong because of derivatives positioning: sharp jump for DOGE futures open interest and way bigger short liquidations pass long liquidations. Dat combo dey usually boost spot buying as short sellers dem forced commot, supporting near-term continuation bias. SHIB similar move, aided by short-term golden cross and rising SHIB perpetual OI, show say di meme-coin risk-on flow wide no be only one spot.
But Fed fit trigger volatility. If rates remain unchanged but guidance surprise, di liquidation-driven rally fit quickly fade. Still, for DOGE itself, immediate momentum dey tilt upward now because of di heavy short covering and rising OI, wey often dey persist for several sessions before e fully mean-revert.