$DOGE Dogecoin price rose 2.14% over the past 24 hours, reaching $0.0700 as broader cryptocurrency markets strengthened.
The meme coin followed Bitcoin higher, with BTC price gaining 1.56% during the same period. The move reflects improving market sentiment as traders reacted to fresh pro-crypto comments from President Donald Trump.
Trump renewed his support for digital assets during an interview with Punchbowl News. According to him, crypto adoption is on a continuous growth in the United States.
Trump termed crypto as a significant innovation and emphasized the increasing use of Bitcoin by consumers. He indicated that more people are making daily payments with Bitcoin as opposed to using cash all the time.
The president claimed that a broader use of crypto could ease strain on the U.S. dollar. He even characterized that as a good shift to the country.
Dogecoin ETF inflows returned on August 5, ending a quiet stretch that had lasted since July 21. Spot DOGE ETFs attracted $82,640 in net inflows, marking a modest improvement in investor demand. The products have recorded only nine net inflow days during 2026, highlighting limited activity across the sector.
However, outflows have also remained scarce, with just two negative flow days reported this year. The August 6 data indicated no further daily inflows and the cumulative net inflows were at $12.20 million. The total net assets stood at 9.89 million, which is approximately 0.09 percent of the total market capitalization of Dogecoin even after the ETF interest was rekindled.
DOGE price was trading at $0.0699 with a 2% increase in price following the intraday weakness.
The Dogecoin long-term prediction needs to cross $0.070 to reinforce the existing recovery. A confirmed breakout may drive the price to the resistance at $0.072.More increases beyond 0.072 may put the 0.075 level in sight. This sector had turned down a number of upside attempts in July.
There is also early signs of improvement in momentum indicators. The RSI has climbed to 53.48, moving above the neutral 50 level.
Meanwhile, the MACD line has crossed slightly above its signal line. The histogram has also turned positive, supporting a cautious bullish outlook.
According to Trump, Washington has to be competitive since China and other countries might take over the digital asset market. His remarks were another positive political indicator of cryptocurrency markets.
$DOGE price should not go below $0.068. Any decrease of this support may reveal the lower channel around at $0.0665.
The main upside targets now stand at $0.070, $0.072, and $0.075. Any fall below the 0.068 would undermine the bullish formation.