- Dogecoin price gained 7% despite zero spot ETF inflows.
- Analysts point to historically oversold DOGE technical signals.
- The $0.101 resistance remains the next key level to watch.
Dogecoin price climbed around 7% over the past 24 hours even as spot Dogecoin ETF products recorded zero net inflows. The move has drawn attention because the rally arrived without fresh institutional demand. At the same time, market analysts pointed to historically oversold technical conditions and strong support levels that could influence the next phase of Dogecoin price action.
Dogecoin Price Rises Despite Weak Dogecoin ETF Demand
According to SoSoValue data, all three spot Dogecoin ETF products from Grayscale, 21Shares, and Bitwise reported zero daily net inflows. The combined cumulative inflow remained at $7.45 million, while total net assets stood at $9.27 million.
Despite the lack of new investment, Dogecoin price advanced from roughly $0.094 to above $0.100 before easing slightly. Trading activity continued across the ETF products, although new capital failed to enter the market. Analysts suggest the broader crypto market remains in a consolidation phase, limiting institutional participation despite improving prices.
Dogecoin Price Finds Support as Analysts Watch Key Levels
Technical analysts remain optimistic about the Dogecoin price after the recent rebound. Cryptollica noted that DOGE’s Relative Strength Index has reached its lowest level in the asset’s history, describing it as a potential long-term accumulation zone. However, this reflects an analyst’s opinion rather than a confirmed market outcome.
Another analyst, CW, highlighted a buy zone supported by a trendline extending from approximately $0.072. The analyst also identified a notable sell wall around $0.077, though current market prices have already traded above that level.
The latest rebound followed a strong defence near the $0.09 support zone. Dogecoin price now faces immediate resistance around the 50-day moving average near $0.101. A sustained move above that level could open the path toward $0.12, while losing the $0.09 support may weaken the recent recovery.\
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
