Dogecoin price hovered near $0.072 on Monday after posting a modest weekly gain.
The broader cryptocurrency market remained largely steady, with Bitcoin price holding above $64,000.
Ethereum price was over $1,870, whereas XRP remained under the significant mark of $1.10. Whale buying amounting to 200 million DOGE was a bullish activity. Open interest also increased 3.74% to reach 1.08 billion, reinforcing anticipations of a potential breakout.
Dogecoin Whales Add 200 Million DOGE Through Robinhood
Dogecoin whales bought 200 million more DOGE via Robinhood, bringing new focus to the meme coin market.
Dogecoin whales purchased another 200 million $DOGE on Robinhood.
Valued at $14M. pic.twitter.com/KSrGfPWiGC
— dogegod (@_dogegod_) July 19, 2026
Large holders were busy again as the acquisition was worth close to $14 million. Whale accretion tends to draw traders as large-scale buying can affect sentiment and liquidity forecasts in the short term.
Derivatives Volume Jumps as Open Interest Reaches $1.08 Billion
Derivatives data also indicated that there were more Dogecoin-linked contracts that were participated in the most recent session. The level of trading surged 114% to about $739.56 million, indicating a sudden rise in speculation.
The open interest increased by 3.74% to $1.08 billion, which indicated that more capital was still held on active positions. Increased volume and open interest could favor volatility as traders anticipate a potential change in price.
Analyst Predicts Dogecoin Price Surge Toward $3.25 After Breakout
A crypto analyst has identified a large double-bottom pattern on Dogecoin’s weekly price chart. The formation has two big lows and then rebounds towards a common neckline resistance point.
The analyst believes a breakout above the neckline would support the long-term bullish view of Dogecoin. The movement recorded in the chart implies that the market could have a price target of about $3.25 in an extended market run.
The market conditions typically indicate a weakening of selling pressure when they occur following a long-run downward trend. Nevertheless, Dogecoin will have to overcome local resistance and stay on a solid purchasing momentum.
The estimated target is hypothetical until the price proves the pattern by a decisive breakout on a weekly basis. Broader crypto market conditions could also influence Dogecoin’s ability to continue higher.
Dogecoin Price Eyes $0.08 as Buying Pressure Strengthens
The DOGE price traded at $0.07212 on Monday, declining 1.07% during the latest four-hour session. Dogecoin price stayed above the major support of $0.070 amid the persistent pressure at $0.075.
The MACD line was negative 0.00017, a little higher than the negative 0.00020 signal line. Its histogram became slightly positive at 0.00003, indicating that bearish momentum was losing strength.
Meanwhile, the Chaikin Money Flow increased to 0.28, which indicated stronger capital inflows. This reading implies that buyers were still piling DOGE in spite of little price action.
A breakout above $0.075 decisively could have a recovery to $0.080 as per the full Bitcoin forecast report. Further buying pressure may place the $0.085 resistance level within reach. But a failure at $0.070 would precipitate a return to selling at $0.068.