Dogecoin Price Holds Around $0.07 Amid 203% Surge in Futures Volume

The Dogecoin (DOGE) rate on November 9, 2026, was around $0.0700, having decreased by 1.30% over the previous 24 hours. During the day, the cryptocurrency dropped to $0.0679 before partially recovering its losses. The decline occurred amid overall instability in the cryptocurrency market, where Bitcoin, Ethereum, and XRP also faced pressure.

At the time of analysis, the Fear and Greed Index stood at 28 points, reflecting a predominance of cautious sentiment. Meanwhile, activity in the Dogecoin derivatives market increased significantly, despite a decrease in the number of open positions.

DOGE Futures Trading Volume Increased by 203.13%

According to data from the analytical platform CoinGlass, cited in the initial analysis, the trading volume of Dogecoin futures increased by 203.13% to $1.40 billion over 24 hours. Simultaneously, open interest decreased by 7.58% to $935.87 million.

Open interest reflects the value of active contracts that have not yet been closed. Its decline amid increased trading turnover may indicate the closing of previously opened positions; however, these indicators do not reveal the reasons for market participants' actions.

During the period under review, futures turnover exceeded spot market trading volume by 7.1 times. The funding rate for perpetual contracts remained positive at 0.0055% for an 8-hour period. At this rate, long position holders paid a premium to short position holders.

Dogecoin Funds Recorded No New Net Inflows

According to SoSoValue, on November 6, tracked exchange-traded funds (ETFs) for Dogecoin did not register any net capital inflow. The accumulated net inflow in the presented statistics was $15.05 million, and the total net assets of the funds were valued at $11.92 million.

Of this amount, $10.17 million was attributed to the Grayscale Dogecoin Trust ETF (GDOG), and another $1.75 million to the 21Shares Dogecoin ETF (TDOG).

A zero net flow for the day indicates no change in capital through the creation and redemption of shares in the considered funds. It does not imply the absence of exchange trading of their shares.

According to technical data from TradingView, the Relative Strength Index (RSI) for Dogecoin recovered to 40.91 points after briefly dropping below 30. The Chaikin Money Flow (CMF) indicator was at 0.04, indicating a moderate predominance of buying activity during the period under review.

The technical analysis highlighted resistance levels at $0.0720 and $0.0750, as well as support around $0.0660. These values reflect the considered price structure but do not guarantee movement to the specified marks.

The next macroeconomic event will be the release of the U.S. Consumer Price Index for October, scheduled for November 10. The report's results may affect overall market expectations; however, the direction of DOGE's further movement remains uncertain.