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Dogecoin Treads Water Near Key Support at $0.092

Guavy AI Editorial Team
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DOGE DOG
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Dogecoin (DOGE) is currently testing a key support level near $0.092, with bulls trying to prevent a deeper correction.

The continued inflow of funds into meme-coin spot Exchange-Traded Funds (ETFs) and whale accumulation on price dips provide some support for DOGE, but derivatives positioning remains cautious.

Institutional demand for DOGE holds strong, with spot ETFs recording a $2.89 million inflow last week, marking the second straight week of inflows.

Dogecoin's funding rate flipped positive on September 10 and rose to 0.0054% on Tuesday, indicating longs are paying shorts and reflecting a bullish outlook for DOGE.

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