Dogecoin Derivatives up 29,807%, Yet Bulls Hold Back

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin surged 26,548% in futures volume on BitMEX signaling derivatives market activity, but buyers remain on the sidelines as the Dogecoin price stays in the red. Advertisement According to CoinGlass data , Dogecoin futures volume rose on BitMEX crypto exchange to $90.64 million, a 26,548% increase in the last 24 hours. This translated to a broader 44% increase in volumes across the derivatives market. At the time of writing, DOGE was down 2.57% in the last 24 hours to $0.0933 in dull market trading on Wednesday. HOT Stories Ripple Cofounder Jed McCaleb Named on Forbes Rich List, Shiba Inu (SHIB) Has Chance to Break $3.5 Billion Price Threshold, Bitcoin Miner MARA Starts Selling BTC: Morning Crypto Report Ripple to Bag Crucial Australian License Investors are considering a sticky February inflation report as the newly released consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at 2.4%, according to Bureau of Labor Statistics data. Both numbers matched the Dow Jones consensus forecast and remained above the Federal Reserve’s inflation target of 2% to reach price stability. Advertisement You Might Also Like Tue, 03/10/2026 - 16:09 DOGE $0.10 Price Alert? Dogecoin Confronts Important Barrier By Tomiwabold Olajide Other economic data due this week includes housing starts and weekly initial jobless claims on Thursday, and the personal consumption expenditures index, which is the Fed’s preferred gauge of inflation on Friday. The Fed is widely expected to hold rates steady at next week’s meeting. Dogecoin price Dogecoin was rejected following a sharp increase to $0.10 on Wednesday. Dogecoin seems to be forming resistance slightly above $0.10 as Dogecoin tested price points at $0.104 and $0.106 on Feb. 25 and March 4, respectively, but had a failed breakout. Advertisement You Might Also Like Wed, 03/11/2026 - 13:03 Dogecoin (DOGE) Prints +100% Surge in Volume: Are Meme Coins Becoming More Active? By Arman Shirinyan The daily RSI is slightly below 50, hinting at potential sideways trading and a slight advantage to bears. The same sideways trading scenario presents on the four-hour chart, with the setup leading to a potential 37% move. A drop from $0.09 increases the risk of a drop to $0.08. Crypto sentiment is slowly improving as the Fear and Greed index is at 24/100, moving into "fear" territory after more than a month stuck in the "extreme fear" zone. #Dogecoin News #Dogecoin Price Prediction #Dogecoin