DOGE gains 14% amid surging open interest and treasury bets, breaking through the 22-cent mark.

Dogecoin Breaks Higher as Whale Demand, Treasury Allocations Fuel 14% Rally

Dogecoin (DOGE) posted a strong 14.02% gain in the past 24 hours, climbing from $0.21 to $0.24 as renewed buying pressure pushed the token above key resistance. The rally was supported by whale accumulation, institutional treasury developments, and a broader surge in memecoin sector activity.

Key Metrics:

• Price gain: +14.02% over 24 hours, with a $0.04 range and 17.6% intraday volatility
• Breakout level: Cleared $0.22 resistance at 21:00 UTC on July 17
• Trading volume: Peaked at 752.69 million, 7.8% above the session average
• Open interest: Jumped 12.36% to $4.04 billion, signaling leveraged long activity
• Whale inflows: 1.2 billion DOGE accumulated since July 16
• Institutional catalyst: Bit Origin secured $500M to build DOGE-focused treasury positions

Market Structure:

DOGE’s upward move began with a breakout above the $0.22 level, which triggered momentum algorithms and long-biased trading. The rally carved out a new high-volume support zone between $0.22 and $0.225, providing a potential base for continuation.

In the final trading hour, DOGE swung between $0.236 and $0.24 — a 1.67% range marked by intraday volatility. Brief dips were quickly bought up, reflecting continued institutional accumulation.

Technical Landscape:

• Support: $0.22–$0.225 (post-breakout consolidation)
• Resistance: $0.245–$0.248 (multi-session local highs)
• Trend indicators: DOGE now trades above its 200-day simple moving average
• Funding rates: Remain stable, reflecting growing long interest

Sector Outlook:

The broader memecoin sector has surged $17 billion this month, pushing its total market cap to $72 billion. DOGE’s leadership role within the segment appears intact, bolstered by treasury-focused inflows and elevated futures activity.

With open interest and on-chain metrics confirming strong directional momentum, analysts say DOGE could soon test the $0.26–$0.28 zone if bullish flows persist.

“This breakout is part of a larger structural shift,” said a trader at Synapse Analytics. “Between treasury participation and renewed retail momentum, DOGE may be on the verge of reclaiming its dominance in the memecoin space.”