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Dogecoin rebounded by 10%, but ETF funds flow remained silent

2026-08-22 00:40:42
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DOGE rose 10%, and daily trading volume soared 3.5 times, joining the broad rebound of the old memecoin

Although ETF capital inflows were weak and there was resistance near US$0.08, a breakthrough had not yet been confirmed, DOGE still rebounded with the old memecoin sector, rising by 10% in 24 hours, and daily trading volume climbed about 3.5 times to US$1.28 billion.

Highlights

Dogecoin rose 10% in 24 hours, and daily trading volume climbed about 3.5 times to US$1.28 billion.
Pepe Coin (PEPE) led the gains in the main old meme coins, with an increase of 19%, while Shiba Inu Coin (SHIB) also rose about 10%.
The next test is whether dogcoin can break through the supply area near US$0.08.

Dog coin trading volume

Pepe coin led the gains with a 19% increase, with Dog coin and Shiba Inu coin rising by about 10%. These trends caused the total market value of the memin sector to rise by more than 5.37%, and total trading volume climbed 189% to approximately US$4.14 billion. Dog coins are one of the most actively traded varieties.

Data showed that the daily trading volume of Dogecoin increased 3.5 times to approximately US$1.28 billion, more than half of the trading volume in the previous week. Part of the reason for the increased risk appetite is also related to the U.S. Treasury's decision to double long-term bond buybacks, which coincides with a general rebound in risky assets.

Dogecoin has recently connected to the Paxos network used by PayPal and Venmo, a development that may expand its exposure in mature payment infrastructure. However, after the net outflow of US$564,000 on August 13, the spot dogcoin ETF recorded no new capital inflows, making institutional participation still limited in this rebound.

Technical Analysis

From the chart, Dogecoin broke through the main trend line that has been suppressing prices since May and cleared the four-hour resistance trend line. There was also a golden cross on the bullish moving average, while cumulative volume increases showed that more than 132 million DOGE units were bought during a single four-hour trading session. Funding rates have remained positive since August 5, indicating that bulls are still paying premiums.

Technical analysis points out that the next important test is around US$0.08-although Dogecoin has been traded above US$0.0750, the region still faces significant supply pressure. If we can continue to break through this region, it will provide more powerful evidence of changes in market structure than the initial 10% increase. The breakthrough has not yet been confirmed.

In the months leading up to the current trend, the price structure was weak, and the main trend line had been suppressing Dogecoin since May, until buyers finally broke through it this week. The funding rate did not turn positive until early August, and the spot ETF fund flow remained silent after outflow on August 13, making the rebound more dependent on subsequent follow-up rather than a single strong market.

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