Dogecoin Grinds Against Resistance as $3B Volume Tests Recovery

Dogecoin is testing its recovery after a 7% weekly bounce and $3 billion in daily volume. The meme coin trades around $0.1143 on Saturday, recovering from an 11.8% drawdown that left bulls scrambling for a floor.

The broader crypto market held near $2.8 trillion on May 14, with capital rotating out of Bitcoin (BTC) and Ethereum (ETH) derivatives. Dogecoin futures open interest climbed 5.09% to $1.79 billion, while daily futures volume jumped 81.62% to $3.99 billion.

A clean push above $0.1190 would open the door to $0.1244 and a possible test of $0.13, but a daily close below $0.1061 resets the structure and risks a slide back toward sub-$0.10 territory.