Dogecoin (DOGE) — the meme-inspired cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke based on the Doge meme — is trading around $0.091 after climbing 9.56% over the past 24 hours, extending a weekly gain of 45%. The advance coincides with a record single-day inflow into Dogecoin exchange-traded funds and heavy trading activity around a key on-chain support zone, and it comes as Bitcoin pushes toward the $80,000 level — a price point that traders are watching closely for its impact on altcoins and memecoins.

Bitcoin Posts Largest Weekly Gain Since March 2023

Bitcoin recorded its biggest weekly gain since March 2023, climbing to a 14-week high near $79,000. The strength of the move forced the liquidation of more than $1 billion in short positions within 24 hours — the forced closure of leveraged bets against rising prices, a dynamic that can amplify momentum as positions are closed out — with total liquidations across the crypto market reaching $4.3 billion over four days.

Crypto analyst account Bull Theory posted on X that Bitcoin is on track to post its largest weekly gain since March 2023, highlighting the strength of the current rally. The post captured attention across crypto social media as Bitcoin held above key levels.

BREAKING: Bitcoin is on track to post its largest weekly gain since March 2023. pic.twitter.com/lXgvmMNVxf

— Bull Theory (@BullTheoryio) August 21, 2026

The Fear and Greed Index — a sentiment gauge that aggregates market volatility, trading volume, social media activity and other signals into a 0-to-100 score — has moved back to 71, placing market sentiment firmly in the "greed" zone. Higher risk appetite typically benefits memecoins such as DOGE, as traders rotate profits into smaller, more speculative assets.

ETF Inflows Signal Rising Institutional Interest

Spot Bitcoin ETFs, which let investors gain exposure to the token through ordinary brokerage accounts without holding it directly, recorded nearly $1 billion in inflows over three trading sessions. BlackRock's IBIT led the latest session with $285 million, contributing to a four-day total of $1.6 billion, according to Wall Street Journal data.

On the Dogecoin side, ETFs posted a record single-day net inflow of $654,000 on August 20 — the highest single-day capital flow ever recorded for Dogecoin ETFs, as crypto analyst dogegod flagged on X. Total DOGE ETF inflows now sit at $12.29 million, with net assets of $11.49 million and daily trading volume of $1.65 million. Dogecoin ETFs began trading in the United States only in 2025, and even the record day remains a small fraction of the flows into Bitcoin funds — IBIT alone took in $285 million in a single session — illustrating the scale gap between the two products. The figures nonetheless point to growing institutional appetite for high-beta crypto assets.

Key Price Levels to Watch

Analyst Ali Charts identified the $0.081 level as a critical support zone. More than 30 billion DOGE changed hands at that price — activity that points to strong whale interest — creating what Ali Charts described as one of the token's most important on-chain support zones. If buyers defend $0.081, Ali Charts sees a path to $0.177, a gain of more than 100% from that level.

Trading volume has surged past $3.71 billion, reflecting renewed interest in the token. For DOGE to reach $0.10, it needs an 18% gain from $0.085. Resistance sits near $0.086, followed by $0.09. A daily close above $0.10 could open targets of $0.11 and $0.12.

Analyst CW posted on X that DOGE has broken through a major resistance line and transitioned into a bullish trend, stating plainly: "The bearish trend is over. A real bull market has begun."

$DOGE has broken through a major resistance line and transitioned into a bullish trend. The bearish trend is over. A real bull market has begun. pic.twitter.com/JwjtLadInU

— CW (@CW8900) August 22, 2026

At the time of reporting, DOGE was trading at $0.091 with a market capitalization of $14.21 billion and a 24-hour trading volume of $3.71 billion. The advance leaves the token at the intersection of three closely watched signals: broad market risk appetite, newly available ETF demand, and heavy on-chain activity around a defined support zone.

Source: CoinCentral