Dogecoin price surged on Monday with a 10% monthly gain in August, outpacing Bitcoin’s 6% decline. Trading volumes jumped 150%, closing August at $0.21. Derivative data showed a recovery in traction as DOGE futures volumes rose 119% to $5.36 billion. Open interest fell 4.7% to $3.24 billion, with bullish traders closing $7.61 million in long contracts. Dogecoin’s support at $0.21 could lead to a breakout in September, according to market analyst DogeLord. Failure to sustain $0.21 support might expose DOGE to downside risk towards $0.17. Traders at $0.21 will determine if bulls can push for a breakout or if short sellers will drive further correction.

Read more at Yahoo Finance: Dogecoin Analyst Forecasts 850% Price Rally in September as Traders Deploy $42M Support at $0.21