Dogecoin staged a rebound after dipping to the $0.081 area, a level that has now caught the eyes of both on-chain analysts and futures traders. Recent data and technical indicators are converging on one critical point: while a clear trend reversal has not yet been confirmed, there are mounting signals that the latest downward wave may be losing steam. Here’s how the market landscape for Dogecoin is shifting, from on-chain accumulation to expanding payment use cases.
Whale accumulation at key support
According to analytics platform Glassnode, around 30 billion DOGE last changed hands near $0.081, creating one of the most substantial concentration areas in Dogecoin’s trading history. Investors who bought at this zone typically show reluctance to sell at a loss, strengthening this region as a powerful support level that many are now watching closely.
Market analyst Ali Charts highlighted that in just the past week, large investors have accumulated over 200 million DOGE. This surge in whale activity matches the on-chain support levels, signaling that major players may be buying up tokens during weakness and further reinforcing $0.081 as a significant floor.
Reports show that over 200 million DOGE have been accumulated by large holders in the last week, aligning sharply with the on-chain support forming around the $0.081 range.
Sharp contraction in futures positioning
In the futures market, open interest has dropped dramatically from $1.75 billion at the start of May to about $1.0 billion—a plunge of 40 to 45 percent. Clearing out these highly leveraged positions often helps defuse liquidation cascades, allowing the market to stabilize and reset on firmer ground.
During this same period, the funding rate shifted from around minus 0.01 percent to positive 0.008 percent. This transition suggests investors holding long positions are now paying, an early sign of recovering market sentiment and a potential end to the recent bearish phase.
Mini Glossary: The funding rate is a periodic payment exchanged between long and short positions in perpetual futures contracts. A positive rate means there’s more demand for longs, while a negative rate signals shorts are more dominant.
Technical levels in focus: First resistance ahead
Technically, the Relative Strength Index (RSI) has recovered to around 41, pulling away from oversold territory. The MACD histogram is also tightening, a commonly watched sign that selling pressure could be easing and that the market may be primed for a reversal.
On the upside, the first resistance area is pegged between $0.090 and $0.092. Surpassing this band could open the door to $0.096, and possibly to the $0.10–$0.102 region. However, if daily closes slip below $0.081, the current bullish thesis would lose momentum and could draw renewed selling.
MoonPay partnership expands DOGE payments
On the adoption front, MoonPay has announced a partnership with House of Doge and Brag House Holdings to enable Dogecoin payments across more than 6,000 retail points of sale. The rollout targets a broad range of channels, including online merchants, mobile apps, and physical payment terminals, potentially boosting Dogecoin’s real-world use case.
House of Doge is recognized for its focus on advancing Dogecoin’s commercial utility, while MoonPay stands as a leading global fintech provider of crypto payments and exchange infrastructure, servicing clients in over 180 countries.
The partnership between House of Doge, its merger partner Brag House Holdings, and MoonPay aims to bring Dogecoin payments to more than 6,000 merchants worldwide, with the new payment solution expected to go live in the third quarter.
Dubbed DOGE Pay, this solution—slated for release in Q3—will carry a 1 percent transaction fee. Importantly, the system supports instant conversion to fiat or stablecoins for merchants. MoonPay President Keith A. Grossman says this initiative represents a new enterprise-grade backbone for Dogecoin payments at retail. The company also reports serving over 30 million users globally.
