Dogecoin price rose for two consecutive days this week as Bitcoin and most altcoins stabilized.
Summary
- Dogecoin price has formed a double-bottom pattern on the daily chart.
- Demand for DOGE ETFs has waned this month.
- The volume and futures open interest have continued rising.
Dogecoin (DOGE) token was trading at $0.09 today, March 10, up slightly from this month’s low of $0.087. This rebound is happening even as demand for the three spot DOGE ETFs wanes completely.
Data shows that Grayscale’s GDOG, 21Shares’s TDOG, and Bitwise’s BWOW have accumulated over $7.45 million in inflows. Their net assets have moved to $8.97 million, a tiny amount for one of the biggest coins in the crypto industry.
