Weekly Structure Near the 0.5 Log Fib

Dogecoin's weekly chart remains centered on the 0.5 logarithmic Fibonacci retracement near $0.154. This level operates as the main structural guide for traders assessing whether price maintains cycle strength or enters deeper correction. Repeated interactions with this band show its importance for market stability.

A recent post from Cantonese Cat (@cantonmeow) notes that $DOGE continues to hold this retracement measured from cycle low to recent high. The chart shows steady retracement from mid-2025 levels after price interacted with the $0.786 and $0.886 regions. Those higher bands marked exhaustion as the asset produced lower highs.

DOGE still trades above prior consolidation zones from late 2023 and early 2024, creating overlap with historical demand. Long wicks into the region reflect active buyers even as momentum cools. Holding this support keeps the larger structure intact while price remains inside a higher-timeframe compression.

Deeper Levels and Near-Term Resistance

If DOGE loses the 0.5 log Fib, the next key area sits near the $0.382 band at $0.117. That level forms the next liquidity zone and aligns with older basing structures. A move into that region would extend the corrective phase without breaking the broader cycle layout.

To the upside, the $0.618 level at $0.202 serves as the first resistance that must be reclaimed. Earlier in the year, this band acted as support before turning into resistance. A weekly close above it would reset momentum and clear a path toward the $0.786 region near $0.296.

That upper region also marks prior distributive selling and defines whether DOGE can return toward cycle highs. Until such a move occurs, the 0.5 Fib remains the main reference for long-term participants. As long as price trades above it, the broader market structure stays constructive.

Derivatives Positioning and Short-Term Activity

Derivatives activity adds a nuanced view of current sentiment. Futures volume climbed 16.5% to roughly $5.05 billion and open interest rose 3.9% to about $1.69 billion. This pairing shows new participation with traders expanding or rotating exposure.

Account data on major exchanges shows a strong long bias. Ratios on Binance and OKX lean heavily toward long positioning, and top-trader metrics show similar skew. Such alignment points to broad expectations for upward movement across retail and mid-size accounts.

Liquidation flow adds more context. About $8.22 million was liquidated in 24 hours, with longs representing the majority. This pattern signals overstretched leverage during recent dips. Options activity diverges, with volume falling by nearly 35% while open interest rises, suggesting quieter hedging despite new longer-term books. Intraday action supports this cautious backdrop as price forms a V-shaped recovery from $0.148 to about $0.1576, showing responsive bids even with fragile leverage conditions.