Dogecoin (DOGE) edged higher to roughly $0.0770 on Thursday, extending a two‑day rally that lifted the meme coin by more than 2 % in the prior session. The move came despite a complete lack of fresh capital into Dogecoin‑linked exchange‑traded funds (ETFs) since October 14, according to SoSoValue data.

Technical picture shows modest bullish bias

On the four‑hour chart DOGE reclaimed the 50‑period exponential moving average (EMA) at $0.0762 and is approaching a descending trendline resistance near $0.0786, a level that has capped recent upside. Momentum indicators are mildly supportive: the Relative Strength Index sits around 58 and the MACD remains marginally positive, both suggesting buying pressure without an overbought condition. A sustained close above the trendline could open the path to the next resistance at $0.0806, which aligns with the 200‑period EMA.

Futures market participation wanes

CoinGlass reported that open interest in Dogecoin futures fell to $1.06 billion on Thursday, down from $1.18 billion on Monday. The decline indicates that fewer traders are holding leveraged positions, even as the price climbs. Analysts note that falling open interest does not automatically signal bearish sentiment; it may simply reflect short sellers closing out positions while long‑side interest remains limited.

What to watch next

Key levels to monitor include the $0.0786 trendline resistance and the $0.0762 EMA support. A break above $0.0786 could trigger a move toward $0.0806, while a dip below $0.0762 may expose the next support zone around $0.0723. Market participants will also be watching ETF flow data for any sign of renewed institutional interest, as well as broader crypto sentiment following the recent US midterm election outcomes.