Dogecoin ETFs Rebound with Sustained Inflows

Dogecoin (DOGE) ETFs are showing signs of renewed interest after months of flat inflows. According to SosoValue data, the group recorded a daily total net inflow of $146,020 on August 24. This is significant, as Dogecoin had experienced a streak of zero inflows following an outflow or inflow in prior periods.

On August 20, Dogecoin ETFs saw an inflow of $654,420, marking the end of six days of zero inflows after a previous inflow on August 4. Since then, between August 20 and 24, Dogecoin has marked two days of positive inflows in three days.

The trend suggests that interest is slowly returning to the market. However, a sustained streak of inflows would be needed to confirm this trend.

Meanwhile, Dogecoin's price faces a crucial test as it hovers above the daily MA 200 at $0.089. The cryptocurrency tested the $0.1 level on August 21 but quickly retreated, confirming the level as resistance.