Dogecoin Price Nears $0.09 as Open Interest Hits $1.35B
Dogecoin (DOGE)
Editor:
Eugene Serbin
cryptotimes.io reports that Dogecoin is trading above $0.0885 on Saturday after gaining 1.47% in 24 hours. This move is driven by Bitcoin pushing above $80,000, which brought DOGE close to the $0.09 level. The wider crypto market capitalization reached $2.88 trillion, its highest since January, with XRP climbing 10% and Ethereum moving above $2,600.
This recovery follows Bitcoin's drop toward $75,000 after a Federal Reserve rate increase. Developments such as a Strategic Bitcoin Reserve bill, a passed crypto tax bill, and CFTC rules submission helped Bitcoin recover by about $6,000. DOGE’s open interest rose 3.84% to $1.35 billion according to Coinglass data at 4:58 p.m. UTC.
Options volume increased by 427.20% while open interest in options surged by 416.69% to about $85.54k. The token climbed to $0.08803 during the latest four-hour trading period after gaining 1.53%. This follows an earlier decline toward $0.079 on September 16 where demand strengthened. DOGE’s daily Relative Strength Index climbed above 70, indicating strong momentum and overbought conditions.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.08747 with a 1-hour buy ratio of 60.2%, indicating strong short-term buying pressure. This contrasts with the 4-hour buy ratio of 40.8% and the 24-hour ratio of 49.4%, suggesting that immediate buying is outpacing longer-term trends. The 1-hour volume delta is positive at +$706,407, while the 4-hour and 24-hour deltas are negative at -$4,379,070 and -$1,481,246 respectively. A positive volume delta means buyers are initiating more market orders than sellers, while a negative delta indicates sellers are more aggressive. The 24-hour cumulative volume delta closed at -$4,903,444, showing that over the full day, selling pressure has outweighed buying. Net buying occurred for 11 of the 24 hours, with a total spot volume of $109,636,712 and 612,760 trades recorded.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.2%, making the current 24-hour ratio of 49.4% slightly above average by 1.2 points. Trading volume was 2.36 times the weekly average, indicating significantly higher activity than usual. However, net buying occurred on only 2 of the 7 days, and the total volume delta for the period was -$12,072,011. Despite the higher volume, the price change over 8 days was only +3.8%, suggesting limited price appreciation relative to activity. This represents an unusual day for volume but an ordinary one for sustained net buying trends.