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Crypto & Bitcoin

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

Reported by Hassan Maishera, CoinJournal

Image: 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.

This is an excerpt. The reporting belongs to CoinJournal.

Read the full report on coinjournal.net

Also carried by Bitcoin Insider

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