Dogecoin Faces 80% Price Hurdle to Reach $0.15 Target

Dogecoin's price has been stuck around $0.08 in recent days, which means it needs to gain about 80% to reach the target of $0.15.

Before that can happen, Dogecoin needs to reclaim its resistance zone at $0.093-$0.095 and show that buyers can sustain the move.

One encouraging sign is that whale balances have increased recently, with more than 240 million DOGE accumulated during the correction.

However, Dogecoin's institutional story looks different from other cryptocurrencies like XRP or Bitcoin. The three tracked U.S. DOGE ETFs have attracted only slightly more than $12 million in cumulative net inflows over their first roughly 10 months.

The contrast is striking compared to XRP's ETF demand, which has become a much larger source of market demand.