Dogecoin Soars 45% in Weekly Gains as Institutional Interest Surges

Dogecoin (DOGE) has rallied by nearly 10% in the last 24 hours, reaching $0.091 as the market sentiment shifts to 'greed' zone. The surge comes as Bitcoin pushes towards the $80,000 level, a key price point that traders are watching closely for its impact on altcoins and memecoins.

Over 30 billion DOGE changed hands at the critical support zone of $0.081, indicating strong whale activity. Analyst Ali Charts believes holding this level could open the path to a $0.177 price target, representing a gain of over 100% from that level.

The record single-day inflow of $654,000 in Dogecoin ETFs signals rising institutional interest in high-beta crypto assets. In comparison, Bitcoin ETFs pulled in $1.6 billion over four days, boosting the broader crypto market sentiment.