Key Notes

Trading volume dropped over 20% to $4.14 billion while open interest rose 1.66%, indicating weak speculator participation overall.

Short contracts exceeded long positions across 1h, 12h, and 24h windows, suggesting traders expect the uptick to be temporary.

DOGE faces resistance at $0.23-$0.28 range with potential breakout to $0.25 or pullback to $0.18 depending on momentum shifts.

Despite Dogecoin’s 3.5% recovery to $0.205 on August 6, derivatives data suggest the rebound lacks conviction. Daily trading volume in DOGE fell over 20%, dropping to $4.14 billion, highlighting weak participation from short-term price speculators.

More notably, open interest rose 1.66% to $3.05 billion, while short contracts exceeded long positions across all major intraday windows: 1h, 12h, and

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