Dogecoin is trading near $0.1031 this week, marking a third weekly decline and staying just above the psychological $0.1000 support. Despite the price weakness, institutional interest remained steady as Dogecoin spot ETFs recorded a fourth straight week of positive inflows, adding $860,960 last week according to Sosovalue data. This stood out because Bitcoin and Ethereum ETFs saw significant outflows of approximately $1.26 billion and $216 million respectively.
On the derivatives side, futures volume dropped 16.66% to $1.19 billion, while open interest rose 1.68% to $1.32 billion. The funding rate held neutral at 0.0060%.
Crypto analyst Ali Martinez highlighted $0.1020 as a critical support level, where the midpoint of a multi-week price channel meets the 50-day simple moving average. Holding this level could push DOGE toward $0.1156 near the channel’s upper boundary; a breakdown would open the path to $0.0883, with the next major support at $0.0879 (February 11 low).
Technical indicators lean bearish: DOGE trades below its 20-day, 50-day, 100-day, and 200-day EMAs, RSI at 45.16, and MACD in negative territory. Another analyst, Crypto With Gopal, noted a large triangle consolidation with a breakout attempt signaling bullish intent, but price compression suggests a big move ahead.
At the time of writing, DOGE was at $0.1031 with a 24-hour trading volume of $558.24 million, down 19.15%.
