Dogecoin Soars to Highest Price Since June on X Trading Partnerships

Dogecoin has surged to its highest price in months, hitting an intraday high of $0.1059 after X announced trading partnerships with major platforms including Gemini, Kraken, Coinbase, Moomoo, and Interactive Brokers.

The sudden pop was short-lived, as the coin closed the day down 0.62% despite derivatives open interest jumping roughly 10% in a single hour due to increased leverage.

The broader market has turned risk-on, with traders rotating profits out of Bitcoin and into smaller, higher-beta names like Dogecoin.

Dogecoin's rally is being driven by a mix of platform news, sector-wide meme coin enthusiasm, and leveraged bets. However, the death cross on its chart remains a concern for bulls, as it has not yet flipped to a bullish signal.