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Crypto

Dogecoin Eyes Key Technical Level Amid Institutional Demand

Guavy AI Editorial Team
Instruments
DOGE
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Dogecoin's price is approaching the key technical level of $0.094 on Tuesday, which could determine its next move.

Institutional demand for Dogecoin shows early signs of return, with spot Exchange Traded Funds (ETFs) recording a $146,020 inflow on Monday, following a $653,420 inflow in the previous week.

This trend is seen as a sign of renewed investor interest and could lead to an extension of Dogecoin's rally. However, some signs of concern are also present, with large-wallet holders steadily offloading tokens, which could increase near-term selling pressure.

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