Dogecoin Price Defies Institutional Weakness with 7% Surge

Dogecoin's price surged by 7% over the past 24 hours despite zero net inflows into its spot ETF products. The three major Dogecoin ETFs, from Grayscale, 21Shares, and Bitwise, reported no new investment, with a combined cumulative inflow remaining at $7.45 million and total net assets at $9.27 million.

The rally came as technical analysts pointed to historically oversold conditions for DOGE, suggesting that the asset's price may be due for a rebound. Cryptollica noted that DOGE's Relative Strength Index has reached its lowest level in history, potentially indicating a long-term accumulation zone.

Analyst CW highlighted a buy zone supported by a trendline extending from approximately $0.072 and identified a notable sell wall around $0.077. The asset's price currently faces resistance around the 50-day moving average near $0.101, with a sustained move above that level potentially opening the path toward $0.12.

The recent rebound followed a strong defense of the $0.09 support zone, and analysts are watching key levels to gauge the next phase of Dogecoin's price action.