Dogecoin open interest falls below $1B

• Dogecoin's open interest fell 2.4% to approximately US$959 million as cryptocurrency markets remained under selling pressure.
• The memecoin declined to around US$0.073 and has lost about 12% over the past week amid ETF outflows and broader market weakness.
• Technical indicators show oversold conditions, although any recovery will depend on improving market sentiment and investor demand.

Dogecoin (CRYPTO:DOGE) open interest fell 2.4% to approximately US$959 million during the past 24 hours as continued weakness across cryptocurrency markets weighed on trading activity.

Dogecoin traded around US$0.073 after falling 2.2% over the previous 24 hours and approximately 12% during the past week, while digital assets remained under pressure from spot Bitcoin ETF outflows and expectations of higher interest rates.

The broader cryptocurrency market also experienced fresh selling, with about US$141 million in liquidations recorded as investors continued to reduce exposure to higher-risk assets.

Dogecoin dropped to approximately US$0.071 on June 23, its lowest level since November 2023, and has declined nearly 27% during June, extending a difficult first half of 2026 for the cryptocurrency.

The daily Relative Strength Index has fallen to around 24, placing Dogecoin in oversold territory, although technical indicators alone do not confirm that a sustained price recovery is underway.

Market participants will monitor whether improving sentiment during the third quarter encourages renewed buying interest or whether broader cryptocurrency market weakness continues to limit demand.

While oversold conditions can sometimes precede short-term rebounds, Dogecoin's near-term performance is expected to remain closely linked to overall cryptocurrency market sentiment and macroeconomic conditions.

At the time of reporting, Dogecoin price was $0.07261.