- Dogecoin futures surge 4,858% on Bitmex, reaching $77.61 million.
- House of Doge announces partnerships for expanding Dogecoin ecosystem globally.
- Dogecoin eyes $0.156 resistance, targeting potential move toward $0.30.
Dogecoin has witnessed a significant surge in futures trading volume, particularly on the Bitmex crypto exchange. According to CoinGlass data, Dogecoin’s futures volume skyrocketed by a staggering 4,858%, reaching a remarkable $77.61 million. This sharp spike in activity has garnered attention as it coincides with a period of price volatility for Dogecoin.
The cryptocurrency, which had seen a strong upward momentum earlier in 2026, experienced a reversal from January 6 to 8. For three consecutive days, Dogecoin’s value dipped, and if this trend continues today, it would mark a fourth straight day of losses.
However, at the time of writing, Dogecoin had managed to recover slightly, registering a 0.31% increase in the last 24 hours, bringing its price to $0.14. On a weekly basis, Dogecoin is up by 8.36%.
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What’s Driving the Surge in Dogecoin Futures?
The significant increase in futures volume on Bitmex reflects growing investor interest in Dogecoin as a speculative asset. Despite the recent price fluctuations, the overall market sentiment appears to be cautiously optimistic. The broader cryptocurrency market is seeing signs of a potential recovery following the sell-off in December 2025.
Notably, Coinbase Institutional has highlighted four key indicators of a possible market reset: fresh inflows into Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), low leverage, balanced order books, and favorable options positioning. This hints that the market could experience a bounce in the first quarter of 2026.
For Dogecoin, this means the possibility of a price retest at key resistance levels. Should Dogecoin manage to break above the $0.156 level, it could target further gains toward the $0.193 level. A decisive breakthrough here could open the doors for more substantial price movements toward $0.27, and possibly $0.30.
Additionally, there is market anticipation regarding whether Dogecoin can convert the previously resistive 50-day moving average (MA 50) into support. This level had capped the cryptocurrency’s price action since early October 2025.
Dogecoin Expands Its Ecosystem through Strategic Partnerships
On another front, Dogecoin continues to expand its ecosystem through strategic partnerships. The corporate arm of the Dogecoin Foundation, House of Doge, recently announced a framework for a partnership with abc Co., Ltd., and ReYuu Japan Inc. This collaboration is expected to drive the expansion of the Dogecoin ecosystem and promote real-world asset (RWA) initiatives, particularly in Japan. As part of the partnership, the companies will launch a joint fund and focus on advancing Web3 development.
Looking ahead, House of Doge has teased major developments for Dogecoin in 2026. These include plans for business-to-business (B2B) and business-to-consumer (B2C) payment solutions, with the first announcements and rollouts expected in the first quarter of the year.
One of the notable projects in the pipeline is a Dogecoin rewards debit card that will allow users to spend Dogecoin at over 150 million merchants globally. Along with this, Dogecoin plans to introduce embeddable wallets for marketplace apps, merchant acceptance tools, and a Doge-focused financial app.
With these new initiatives, Dogecoin is positioning itself to increase its utility and adoption in both the cryptocurrency and broader financial landscapes. The success of these efforts could play a key role in its future price action as it continues to gain traction beyond speculative trading.
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