Dogecoin Price Holds Steady at $0.10 Amid 19% Rally

Dogecoin (DOGE) is holding steady around $0.10 after a 19% rally over the past seven days, according to recent market data.

The price increase carried the meme coin above a descending resistance trendline and several closely watched moving averages, improving its near-term technical outlook.

Investors are taking notice of Dogecoin's recovery, with demand for DOGE-focused exchange-traded funds (ETFs) picking up. The products recorded $909,650 in net inflows on Monday, a notable rise from the $284,510 recorded on September 15.

The combination of stronger price action and positive fund flows has given bulls a clearer case for further gains. However, momentum indicators suggest the rally may be stretched after its rapid advance.

Dogecoin's immediate test is whether it can sustain a break above the supply zone stretching from $0.10000 to $0.10219. If DOGE clears this zone and holds above it, the next resistance range lies between $0.11619 and $0.11732.