Dogecoin price has once again secured a prominent spot on crypto traders’ and investors’ radars, extending its weekly rally to over 15% amid broader market trends. However, a peculiar surge in DOGE futures OI has garnered significant attention among market participants, topping the $2 billion mark.

This stat has underscored rising market interest in the asset, paving a bullish path for future movements.

Meanwhile, a renowned crypto market analyst has further predicted amid these broader bullish dynamics that a price rally to $0.65 awaits.

Dogecoin Price Eyes $0.65? Analyst Predicts As DOGE OI Tops $2B

Renowned crypto market analyst Javon Marks has posted on X, predicting that Dogecoin price could hit $0.65 in the short term. This bullish prediction is primarily attributed to a ‘regular bullish divergence’ formation on the meme coin’s price chart.

Primarily, the analyst stressed that bears’ dominance over the asset is weakening. As a result, DOGE price is starting to show signs of major strength and looks to be breaking out, per the analyst.