Dogecoin eyes $0.0806 breakout as DOGE recovers despite weak ETF demand

Dogecoin traded near $0.0770 on Thursday, extending its recovery for a second consecutive session after gaining more than 2% in the previous session. It reclaimed its four-hour 50-period exponential moving average at about $0.0762 and approached a descending trendline resistance near $0.0786. Demand indicators stayed weak: CoinGlass data showed DOGE futures open interest, a measure of outstanding futures positions, fell to $1.06 billion on Thursday from $1.18 billion on Monday, while SoSoValue data showed Dogecoin-focused exchange-traded funds had no new inflows since October 14, extending the absence into a third consecutive week. The $0.0806 resistance level aligns with the four-hour 200-period EMA and horizontal resistance.