Overview
- DOGE has rebounded roughly 26–30% in early January and is consolidating around $0.15 after clearing short‑term resistances.
- Tracker data show consecutive net inflows into DOGE funds on January 2 ($2.30 million) and January 5 ($1.60 million), signaling renewed demand.
- Bloomberg’s Eric Balchunas noted a 2x Dogecoin ETF is up almost 40% to start the year, highlighting leveraged products’ outsized impact.
- Derivatives metrics point bullish, with Binance’s long/short ratio near 2.06 and derivatives volume around $5.6 billion, while open interest eased to $1.78 billion.
- Analysts flag resistance at $0.154–$0.156 with upside targets near $0.185–$0.210, while a drop below roughly $0.124 would invalidate the bullish setup.