Dogecoin traded higher over the past 24 hours, rising 0.70% to $0.10435 while Bitcoin moved slightly lower. The move kept DOGE in focus as traders tracked spot ETF inflows, whale activity, and a short-term resistance band near $0.1075.
Dogecoin’s latest move came as spot ETF demand showed renewed activity. Market data showed Dogecoin spot ETFs recorded their strongest inflows since January, including $860,958 on May 18.
The inflows added a demand factor during a period of weak broader market action. While the amount remains modest compared with larger crypto funds, traders viewed the steady inflow pattern as a sign of institutional interest.
Large holders also increased attention on Dogecoin. On-chain data showed 149 wallets held 108.5 billion DOGE, worth about $11.6 billion at current prices.
The same data showed 739 large transactions in one day. This activity suggested that whale wallets remained active as DOGE traded near recent support levels.
Dogecoin started a recovery from the $0.1020 zone and moved above $0.1035 and $0.1040. The price also broke above a bearish trend line that had capped hourly gains near $0.1040.
However, DOGE price still traded below the $0.1075 level and the 100-hour simple moving average. Analysts tracking the chart said the token “might struggle to continue higher” unless buyers clear nearby resistance.
The first resistance now sits near $0.1062. The next major level stands around $0.1075, which also matches the 50% Fibonacci retracement from the $0.1127 swing high to the $0.1021 low.
A close above $0.1088 could open a move toward $0.1120. Further gains may bring $0.1150 and $0.1165 into focus, based on the same short-term chart setup.
Dogecoin’s near-term setup still depends on support at $0.1040 and $0.1020. If buyers defend those levels, DOGE may continue to trade inside a narrow recovery range.
The main support remains near $0.10. A break below that level could send the price toward $0.0965, while some chart watchers also place lower support near $0.0950.
Technical indicators showed early recovery signs. The hourly MACD gained momentum in bullish territory, while the hourly RSI moved above 50.
Still, the price has not confirmed a wider breakout. Market watchers said DOGE must hold above $0.1020 before traders can point to a stronger recovery path.
Dogecoin also traded near a long-term 0.618 Fibonacci fan level on the weekly chart. Some traders compared this retest with an October 2024 setup that came before a larger rally.
The current pattern remains unconfirmed. Analyst CryptoSurf described it as a ‘possible repeat pattern, not a confirmed breakout,’ as DOGE still needs to hold the fan line.
On the two-hour chart, Dogecoin also traded close to the upper line of a falling channel. The main breakout area sits between $0.106 and $0.107.
If DOGE clears that zone, traders may watch $0.112 to $0.114 next. If sellers reject the move, the token could return toward the lower channel area near $0.100 to $0.102.
Also Read: Dogecoin News Today: DOGE Holds Key Support as Whale Activity Hits Six-Month High