Dogecoin: price needs to break the $0.10 level for further growth

The price of Dogecoin (DOGE) needs to break the $0.10 level to gain additional momentum. Over the past three weeks, DOGE ETFs have recorded an inflow of approximately $3.5 million. In the first week ending September 18, around $284,500 was raised. The following week saw a significant increase in inflow, totaling $2.8 million. In the last week, the volume of funds amounted to about $327,360. At the time of writing, DOGE ETFs managed assets of only about $12 million, but this amount has now grown to $16.2 million. For a meme-oriented product, such figures may indicate a noticeable shift in market sentiment.

Additionally, AMBCrypto reported the launch of a public test version of DogeOS for developers on September 30. This version will allow testing features such as payments, trading, lending, and gaming that utilize DOGE. However, it is important to note that fees on the test network are paid with test DOGE, which can be obtained for free and have no real value. DogeOS is not an update to Dogecoin itself but represents a separate layer around it, which may provide DOGE with additional opportunities in the future.

At the time of writing, DOGE was trading at $0.0946, which is 20% above its recent low of $0.079. Most of this growth occurred at once: on the 21st, DOGE rose above $0.10 and reached $0.106. In the past two weeks, the token has fluctuated between $0.091 and $0.099. Indicators do not show panic, the relative strength index (RSI) is above neutral levels, and the on-balance volume (OBV) was around 154.31 billion at the end of September, indicating that buyers who entered during the rally may remain in the market. Thus, a clear break above the $0.10 level is necessary for continued growth.