Dogecoin Extends Recovery Above $0.096 Amid ETF Inflows

Recent Price Action and Technical Setup

Dogecoin rose above $0.096 on Monday, gaining over 2% as it climbed above intermediate resistance levels including $0.0865 and $0.0870, according to Kraken pricing data. The token formed a bullish trend line with support at $0.0870 on the hourly chart and held above its 100-hourly simple moving average. Broader market strength from Bitcoin and Ethereum contributed to the move.

ETF Flows and Derivatives Sentiment

Spot Dogecoin ETFs attracted $327,360 in inflows Monday, extending the streak to three consecutive weeks of net inflows. CoinGlass data showed the long-to-short ratio for DOGE derivatives reached 1.01, indicating a slight bullish lean among leveraged traders. The combination of retail ETF capital and improving derivatives positioning suggests a shift in near-term sentiment.

Intermediate Resistance and Recovery Scope

Dogecoin holds its 200-day exponential moving average near $0.093, a key level that traders cite as critical to preserve the broader recovery outlook. Immediate overhead resistance sits near $0.102, while near-term support remains anchored at the $0.0850 zone. Analysts noted the price traded through the 38.2% Fibonacci retracement level of the prior downward move from the $0.0920 swing high to the $0.0855 low.