Altcoins
|3 min ReadDogecoin traders load up as ETF decision nears
Jax Morales
Senior Analyst
Published
Jan 16, 2026
We are 32 days from the SEC’s final call on more than 92 spot ETFs. That list includes the Grayscale Dogecoin ETF, the first memecoin ETF. Bloomberg experts still put the approval odds above 90 percent. That sets the stage. It sets flow. It sets fear of missing out.
Open interest is the tell. Futures positions sit near 17 billion DOGE. That is about 4.01 billion dollars. CoinGlass shows barely any pullback. In fact, open interest jumped more than 15 percent in the last 24 hours. Roughly 16.82 billion DOGE, about 3.99 billion dollars, remains locked in derivatives even as the wider market slows. That is commitment. That is powder.
Gate.io leads with more than 1.02 billion dollars of open contracts. Binance holds about 20.65 percent of total open interest, near 824.56 million dollars. Liquidity is deep. The next impulse can move fast. When it breaks, it runs.
Positions speak louder than price
Price has chopped in the same zone. No clean direction yet. But the futures book did not blink. That matters. It means traders kept size on while waiting for the catalyst.
The technicals are lining up. DOGE is pushing a white descending trendline that has capped rallies for weeks. A break and hold above that line puts 0.26 to 0.30 in play. That is the next test. Above it, momentum can stretch.
The trade if momentum snaps
The RSI sits at 80. That is hot. A quick dip can hit before the real move. The SEC calendar is close. Rate-cut talk adds noise. Do not get shaken out of your plan.
MACD just flipped positive. That signals fresh energy. If resistance falls, the measured push targets 0.32 to 0.35. Short pauses are normal on the way up. Strong hands use them.
Here is the blueprint. Odds are high. Positions are heavy. Liquidity is ready. If price confirms above the line, momentum chases. If it wicks down first, that is the gift. The clock is ticking. Act with intent, or watch the next explosive rally leave without you.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.