Dogecoin Rallies Past $0.096 as ETF Inflows and Bullish Derivatives Boost Sentiment

Dogecoin ($DOGE) has continued its upward trajectory, trading above $0.096 on Monday. This recovery is supported by sustained inflows into spot Dogecoin ETFs and improving sentiment in the derivatives market. The ETFs recorded $327,360 in net inflows last week, marking the third consecutive week of positive flows. However, it remains unclear whether these inflows are solely from institutional investors or if they outweigh selling pressure elsewhere.

The derivatives market is showing signs of cautious optimism. CoinGlass’ long-to-short ratio reached 1.01, indicating a slight bullish tilt, while the funding rate turned positive at 0.0092%. These metrics suggest increasing confidence among traders, though the overall positioning remains balanced rather than overwhelmingly bullish.

Technically, Dogecoin’s recovery hinges on maintaining support above the 200-day exponential moving average (EMA) near $0.093. The coin is also trading above its 50-day and 100-day EMAs, reinforcing the constructive near-term outlook. Resistance lies at $0.102, a level that, if breached, could signal further upward momentum. Conversely, a drop below $0.093 could bring the 50-day EMA and horizontal support at $0.088 into play.

The Relative Strength Index (RSI) stands at 58, indicating positive but not overbought momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, suggesting a potential need for further consolidation before a stronger advance. Overall, Dogecoin’s outlook remains cautiously bullish, with key tests ahead at both support and resistance levels.