Dogecoin Price Drops 6% Amid ETF Flows and Whale Activity

Dogecoin's price has taken a hit over the past week, dropping by more than 6% to trade at $0.08064. Despite this decline, technical indicators suggest that momentum may be building for gradual gains within the current range.

The recent drop in price can be attributed to a combination of factors, including ETF inflows and large-seller activity. However, it's worth noting that these institutional flows have been moderate, with about $800,000 in inflows over the past two weeks.

Looking ahead, Dogecoin is expected to trade between $0.07554 and $0.08573 next week, with resistance at $0.0807 and support at $0.0751. While there's a 67% probability of an increase, traders should be cautious of potential volatility around the $0.0807 resistance.