Dogecoin approaches $0.10 resistance amid record ETF inflows

Dogecoin is experiencing increased market momentum, trading near the $0.10 resistance level. The cryptocurrency has reclaimed several key moving averages, including the 20-day, 50-day, and 200-day EMAs, signaling a potential shift in its medium- and long-term trend.

Adding to the bullish sentiment, U.S. spot Dogecoin ETFs recorded their strongest weekly net inflows since their launch, attracting $2.89 million. Analysts have identified the $0.09 to $0.092 range as a critical support zone that must hold to maintain the current uptrend. While some market participants have set long-term price targets as high as $1.50, technical indicators like the RSI have recently entered oversold territory, suggesting volatility as the token attempts to break through the $0.10 threshold.