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Dogecoin rebounds from $0.0800 as ETF outflows keep downside risks in focus

Picture: CoinJournal

Key takeaways Dogecoin traded near $0.084 on Tuesday after rebounding from an intraday low around $0.0800. DOGE-focused ETFs recorded $399,460 in outflows Monday following no net flows last week. Resistance sits at the 50-day EMA near $0.0876 and the 200-day EMA at $0.0923. Dogecoin edged higher on Tuesday after testing $0.0800, offering signs of stabilization following Monday’s 5% decline. DOGE traded around $0.084, but ETF withdrawals, declining supply concentration among large wallets and weak technical momentum continued to weigh on its recovery outlook.

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