- Dogecoin approaches $0.10 as crypto market stabilizes after recent volatility
- Spot Dogecoin ETFs report zero inflows despite rising trading activity
- Traders monitor $0.101 breakout level while $0.09 support holds firm
Dogecoin extended its recent recovery on Friday as traders responded to improving market sentiment while the broader cryptocurrency sector continued stabilizing after weeks of volatility. The meme-based digital asset moved closer to the $0.10 level as buyers attempted to maintain momentum after several sessions of gradual recovery.
During Friday’s trading activity, Dogecoin climbed from roughly $0.094 and briefly reached about $0.1004 as market participants increased buying pressure during the session. The latest advance also followed a rebound that began earlier in the week after the token recovered from a short-term low of around $0.091.
Additionally, the current rebound continues a broader recovery that started after Dogecoin touched approximately $0.086 on March 8 during a period of wider market weakness. Consequently, buyers have gradually pushed prices higher while attempting to regain control of near-term technical levels. At the time of writing, Dogecoin traded about 5.33% higher over the previous 24 hours while posting a weekly gain of roughly 7.22%. Meanwhile, the broader cryptocurrency market continued moving within a relatively narrow consolidation range.
Total cryptocurrency market capitalization remained near $2.45 trillion for a third consecutive session, reflecting ongoing stabilization following the sharp correction recorded in late January. As a result, traders continued watching whether fresh capital would eventually trigger a stronger market move.
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Dogecoin ETFs Show No New Capital Inflows
Despite the price increase recorded in the spot market, exchange-traded funds linked to Dogecoin did not register any new capital inflows during the latest reporting period. Data from SoSoValue showed that this pattern has continued since March 3. The three Dogecoin spot ETFs currently available, managed by Grayscale, 21Shares and Bitwise, all recorded zero net inflows during the past 24 hours. Consequently, institutional participation through those investment products has remained limited during the recent market recovery.
However, trading activity within the funds has continued even without new capital entering the products. Reported daily trading values ranged between approximately $212,460 and about $1.02 million. Dogecoin’s rebound from the $0.09 level has attracted attention among traders who closely follow key support areas. The recovery suggested that buyers strongly defended that price zone during recent market activity.
A move above the 50-day moving average, currently positioned near $0.101, could open the path toward the $0.12 region where resistance may appear. Conversely, renewed selling pressure could push Dogecoin back toward $0.08 or potentially $0.06 if the $0.09 support fails.
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