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I see that Dogecoin remains stuck at the $0.10 level, moving back and forth near the lower edge of the triangle pattern, keeping buyers and sellers in balance. The support levels from $0.0879 to $0.0900 appear to be an area where buyers are continuously defending. This is the seventh time the price has touched this level in nearly 6 weeks, showing that there is real interest in supporting the price.
What’s interesting is that last Friday, DOGE-related investment products saw inflows of up to $1.34 million— the highest inflow since the product launched. This is a positive sign that institutional investors are once again showing interest in DOGE. Futures contract volume also surged above $1.18 billion, indicating that activity in the derivatives market remains strong.
The potential increase depends on whether the price can close above the 50-day EMA at around $0.0957. If it does, we may see a move up to $0.1032 and then to $0.1074. However, if it breaks below the support level, the price could drop to $0.0800. At the moment, the DOGE market remains in a wait-and-see phase, watching to see which side will be able to control the next move.