Dogecoin loses $0.13 floor as derivatives positioning signals bigger swings ahead

The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines.\nWhat to know : Dogecoin fell below the $0.13 level amid heavy spot selling and increased derivatives activity, indicating traders expect more volatility. Futures volume for Dogecoin surged 53,000% to $260 million, reflecting rising volatility expectations despite a weakening spot price. The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines.