Dogecoin is currently trading sideways after falling for seven consecutive days from January 14th to 20th. Since January 20th, Dogecoin price has traded between $0.12 and $0.129. This stabilization is also reflected in the derivatives market, as seen in open interest.
According to CoinGlass data, Dogecoin’s open interest was $1.41 billion, up 0.2% in the past 24 hours.
Although this increase seems small, it is still significant as it could signal stabilization after the massive decline from last week.
The decline in market prices has led to risk aversion across the derivatives market, resulting in a decrease in open interest.
As leverage flows out of the market, a small increase in open interest remains significant and could allow prices to stabilize as we look to make the next move.
As of this writing, Dogecoin is still trading in the red, down 0.3% in the past 24 hours to $0.1242, and down nearly 10% for the week.
The broader cryptocurrency market was trading mostly in the red as of early Saturday morning, with $292 million liquidated in the past 24 hours, according to data from CoinGlass.
The Fed’s interest rate decision is expected on January 28th and could cause market volatility. Traders expect the Fed to keep rates on hold, with only a two-quarter point rate cut expected in 2026.
dogecoin news
Cyber Hornet filed for S&P Crypto 10 ETF. This could be the first S&P linked spot basket to include Dogecoin.
The 21Shares Dogecoin ETF (TDOG) was listed on the Nasdaq this week. This milestone builds on the partnership between 21Shares and House of Doge that began in April 2025.
In late 2025, 21Shares launched the 21Shares 2x Long Dogecoin ETF (TXXD), offering 2x daily Dogecoin exposure to US investors and bringing the only Dogecoin ETP approved by the Dogecoin Foundation to Europe.
The Dogecoin Foundation and House of Doge developer team have announced the “Such” app, expected in the first half of 2026. Such apps are expected to bring new ways to interact with Dogecoin and additional utility to Dogecoin.
