[REVISION HISTORY]

Dogecoin market cap hits $18B amid volatility

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2026-10-22 00:47 UTC → 2026-10-25 10:33 UTC · added ~~removed~~

By ~~early October 2026, Dogecoin continued to navigate key technical levels following its~~ late September ~~surge toward $0.10. As of October 4, the token was~~ 2026, Dogecoin experienced volatility driven by new trading ~~at approximately $0.09524, with analysts monitoring a descending triangle pattern. A confirmed 4-hour close above $0.095 was identified as~~ integrations on the X platform. Analysts noted a potential ~~signal for a bullish breakout toward a target of $0.106. This period also saw the launch of the DogeOS public testnet, intended to introduce Ethereum-style applications to~~ double bottom pattern, though skeptics highlighted the ~~ecosystem. By October 6,~~ massive circulating supply. During this period, whales accumulated over $110 million in DOGE, and U.S. spot Dogecoin ~~remained near~~ ETFs recorded their strongest weekly net inflows since launch, attracting $2.89 million. By early October, the ~~$0.095 mark, facing resistance between $0.098 and $0.10. Notably,~~ token navigated key technical levels near $0.095. Technical indicators signaled a “golden cross” for the first time in 14 ~~months, occurring~~ months as the 50-day moving average rose above the 200-day average. Utility developments ~~also~~ progressed with the DogeOS public testnet and the introduction of DogecoinVM on the Metal Blockchain, ~~a compatible ledger aiming~~ which aims to be “300x faster with instant finality.” Following ~~this period, Dogecoin experienced~~ a significant ~~rally, with~~ rally where two-day gains ~~reaching as much as 94%. This surge pushed the cryptocurrency’s total~~ reached 94%, Dogecoin’s market value to hit approximately $18 billion, supported by a circulating supply of 129.2 billion coins. In the derivatives market, Dogecoin recorded the largest 24-hour increase in open interest among five major crypto assets, with open interest rising 5.68% to $241 million. Trading data indicated that long accounts represented 69.2% of the total, reflecting a reversal from previous declines in perpetual-futures open interest. billion. This ~~movement occurred amid~~ surge coincided with a broader cryptocurrency rally ~~involving Bitcoin, Ethereum, Litecoin,~~ and ~~XRP, and coincided with~~ anticipation ~~surrounding Coinbase's~~ regarding Coinbase’s direct listing. ~~By October 17, Dogecoin traded near $0.0802, marking a decline of approximately 7.6% from its weekly opening price. The token fell below~~ However, by mid-October, the ~~$0.081 level,~~ token faced a ~~key technical threshold. Despite this~~ decline, trading near $0.0802. Despite this, on-chain data showed large holders increased ~~their~~ holdings by approximately 600 million DOGE between October 12 and October 16. By late October, Dogecoin entered a potential accumulation zone as its 365-day MVRV ratio declined to 0.74, indicating unrealized losses among holders. Despite price weakness, derivatives activity expanded, with open interest rising to $1.22 billion. Subsequently, Dogecoin saw a 30% surge to approximately $0.37, even as Bitcoin and Ether faced downward pressure, a move analysts attributed to celebrity endorsements and meme culture.

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