Dogecoin price forecast: DOGE resumes its gains, ETF capital inflows turn positive

Dogecoin is holding key support levels, and the market is paying close attention.

Dogecoin is currently holding a key support level, which has attracted everyone's close attention. DOGE prices are currently trading around $0.093, well above the key support level of $0.0813 pointed out by analyst Ali Martinez. This area is determined using Glassnode's URPD data. Simply put, it shows where a large number of DOGE actually changed hands, so it is of great significance. More than 30 billion DOGE units are traded near that price, making it a real boundary. At the same time, the spot DOGE ETF recorded its largest inflow since May on August 20, approximately $654,000, after having been without inflows for several weeks. This has brought new reasons for concern to the market after a period of silence. Therefore, the big question now is whether DOGE can continue to rise on this basis and push it into the next major resistance area-around $0.177.

Why this key bit is crucial for Dogecoin

Ali Martinez pointed out that the last time the nearly 30 billion DOGE items moved was around $0.0813. This makes it the largest cost-based cluster on the network and one of the most important levels on the chart. When a large amount of supply is concentrated at a specific price, this area usually serves as a support level. Many holders who bought at that level are still profitable, which helps reduce selling pressure when the market returns to the region.

The URPD chart also shows that there are additional supply clusters at $0.0739 and $0.0887. Together, they form a strong support range between approximately $0.07 and $0.09. Even more striking is the lack of major supply clusters between the current price point and $0.1774. The next high-volume DOGE concentration area is close to that price, where more than 20 billion DOGE units changed hands for the last time. This is why Ali believes that as long as it stays above US$0.081, there will be relatively little resistance on the chain before the price of Dogecoin reaches the US$0.177 region.

Dogecoin ETF capital inflows have reappeared

There have also been positive developments on the institutional front. BSCN reported that the spot DOGE ETF recorded a net inflow of approximately US$654,000 on August 20. This was the largest single-day net inflow since May, ending a situation where there had been no inflows since August 4. Although this number is not large compared to Bitcoin or Ethereum ETFs, the fact that money is back in itself is important. For weeks, people have speculated whether the enthusiasm surrounding memecoins such as DOGE, SHIB and PEPE has waned. ETF data tells a different story: Demand is returning. If the broader cryptocurrency market remains healthy, this renewed interest could help support dogcoin prices. This is not yet a huge wave, but it is a shift worth noting.

DOGE still faces important resistance levels

We looked at the World of Charts chart. It shows that DOGE still has a long way to go before people can call it a real reversal. Currently, Dogecoin has fallen from a high of nearly US$0.80. The chart makes this clear: This is still an ongoing recovery process.

The first resistance level to focus on is $0.105. If buyers are able to break through the zone, the next resistance levels will be $0.13 and $0.16. These areas have served as resistance in previous rebound attempts and could again attract selling pressure. After successfully breaking these levels, you will see a major on-chain resistance cluster close to $0.1774. Support remains at $0.093, followed by a larger on-chain support area around $0.0813. Below that, the next price points worth watching are $0.07 and $0.058.

Where may DOGE prices go next?

The price of dogcoin is at an interesting juncture. Chain data shows that approximately 30 billion DOGE pieces have accumulated around US$0.0813, forming a support area that has attracted widespread attention from traders and analysts. ETF funds flows also improved, with spot DOGE products recording a net inflow of US$654,000 on August 20, its best one-day performance in months. For bulls, the next targets are $0.105,$0.13 and $0.16 respectively. If DOGE breaks through these levels,$0.1774 will come into view, where the next large supply area is located. But for now, the really important price is $0.0813. As long as Dogecoin stays above that price level, the story of recovery remains true. Traders will continue to watch for any signs of a bigger trend.

FAQs

Is now a good time to buy dogcoin? This article does not provide buy or sell advice. It analyzes technical and on-chain data to identify key price points. Support at $0.0813 and resistance at $0.105 are key levels to focus on. As always, traders should study and consider their own risk tolerance before making any investment decisions.

How does a spot ETF affect the price of dogcoin? Spot ETFs hold actual DOGE rather than futures contracts. When funds flow in, institutions are buying real tokens, which creates buying pressure. Outflows of funds mean selling. The DOGE ETF had no inflows for several consecutive weeks before the inflow of $654,000 on August 20. This is not a tsunami, but it is the first ripple in recent times, and traders are taking note of it.