Dogecoin approaches $0.10 after 19% Rally as ETF inflows pick up

Dogecoin ($DOGE) steadied around $0.10 on Tuesday after a 19% rally over the past seven days.

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

Demand through $DOGE-focused exchange-traded funds also increased. The products recorded $909,650 in net inflows on Monday, according to SoSoValue data.

While that marks a notable rise from the $284,510 recorded on September 15, $DOGE still faces a significant chart test: buyers need to establish a sustained break above the supply zone stretching from $0.10000 to $0.10219.

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

$DOGE ETF inflows rise as the crypto market recovers

Dogecoin-focused ETFs attracted $909,650 on Monday, more than three times the $284,510 in inflows reported for September 15.

The increase points to renewed interest in $DOGE through investment products as the broader cryptocurrency market rebounds.

Traders will be watching whether the funds continue to attract capital in the coming sessions, particularly if $DOGE moves decisively above $0.10.