Dogecoin Sees 215% Spike in US ETFs Despite Musk's Silence: Why DOGE Buyers Step in at $0.10

U.TodayMay 192 min readSingle source

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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today.
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Back on March 10, the billionaire promised to launch early public access to the X Money system "next month".
After a powerful 30% rally that began on April 20, the price of DOGE corrected by approximately 13% from its May 11 peak, while on the weekly timeframe the coin dropped to retest the key middle Bollinger Band near the $0.10 level.
For them, buying Dogecoin around $0.10 ahead of the anticipated X Money release has become an attractive trade from a risk-reward standpoint.

$0.10$648.64 million$86.31 million$860,960,$14.69 million215%

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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. US spot crypto ETFs have recorded a local spike in interest toward Dogecoin (DOGE). With Bitcoin losing around $648.64 million in a single day and Ethereum seeing $86.31 million in outflows, institutional investors have started selectively reallocating liquidity toward altcoins, including XRP, Solana, and DOGE.According to the latest data from analytics platform SoSoValue, net daily inflows into Dogecoin ETFs reached $860,960, marking the highest level since April 10 and a 215% increase compared to the previous inflow. Total net assets under management across funds such as GDOG from Grayscale and TDOG from 21Shares climbed to $14.69 million.Total DOGE Spot ETF Net Inflow since April 10 2026, Source: SoSoValueThe dual force driving the Dogecoin ETF surge by 215%This local spike can be explained by an interesting combination of fundamental expectations and precise technical positioning. On one hand, interest in Dogecoin continues to be fueled by prolonged anticipation surrounding payment integration on X, the social platform owned by Elon Musk. Back on March 10, the billionaire promised to launch early public access to the X Money system "next month". HOT Stories Although the rollout had still not taken place as of May 19, platform X introduced an important interim step by deploying a major update to its Cashtag feature, allowing crypto communities to embed live price charts and market data directly into their timelines, giving crypto holders, and particularly DOGE supporters closely associated with Musk, renewed optimism.Dogecoin weekly price chart with Bollinger Bands and Elon Musk X Money post attached, Source: TradingViewOn the other hand, from a purely market perspective, the current ETF inflow looks like a pragmatic calculation. After a powerful 30% rally that began on April 20, the price of DOGE corrected by approximately 13% from its May 11 peak, while on the weekly timeframe the coin dropped to retest the key middle Bollinger Band near the $0.10 level. You Might Also Like In technical analysis, a successful retest of this dynamic support is traditionally viewed as a strong buy signal with minimal downside risk and high upside potential ahead of a new growth wave.While Elon Musk continues to delay the actual launch of the payment system, American investors are using ETFs as a regulated instrument for accumulating positions near the technical bottom. For them, buying Dogecoin around $0.10 ahead of the anticipated X Money release has become an attractive trade from a risk-reward standpoint.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. 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Price subsequently recovered toward $63,100, strengthening the case that buyers are willing to defend the lower part of the previous month’s trading range. What stands out to me, however, is how little upward progress followed that buying. Several periods showed positive buying pressure, but BTC remained concentrated around $63,050 and repeatedly struggled to extend beyond $63,150-$63,175. In simple terms, buyers have shown that they can slow the decline, but they have not yet shown that they can move Bitcoin into a clearly higher trading range. This is the difference between stabilization and recovery: Stabilization means sellers are no longer pushing price lower with the same ease. Recovery means buyers are lifting price, holding above resistance and shifting the market’s most active trading area higher. Bitcoin has shown the first condition. The second still needs confirmation. Why $62,380 and $64,095 matter The previous month’s value area provides a useful map of where most Bitcoin trading took place: Value Area Low near $62,380: The lower boundary of the previous month’s heavily traded range. Point of Control near $64,095: The price that attracted the most trading activity during the month. Value Area High near $65,050: The upper boundary of the previous month’s accepted range. BTC is currently about $720 above the monthly Value Area Low, but almost $1,000 below the monthly Point of Control. Holding above $62,380 tells us that demand inside the previous month’s range has not completely failed. Remaining below $64,095 tells us that buyers have not regained control of the broader value structure. This is also why $64,095 may be more important than $64,000 itself. The round number attracts attention, but $64,095 represents the previous month’s busiest price area. A brief move above $64,000 could still become another failed breakout. 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That would place BTC outside the previous month’s accepted value area and suggest that the market may need to search for demand at lower prices. Traders should still distinguish between a brief move below $62,380 and genuine acceptance beneath it. Crypto markets can produce fast stop-runs through visible support before reversing. Repeated closes or continued trading below the level would carry more bearish significance than a momentary sweep. What Bitcoin traders may consider watching Different traders may use these levels in different ways, at their own discretion: Short-term breakout confirmation: Watch whether BTC can break above $63,175 and successfully retest it, with $63,247-$63,270 providing the next validation area. Support-zone reaction: If BTC returns to $62,380-$62,535, watch whether buyers defend it again or whether selling begins to hold below the zone. Broader recovery confirmation: Treat $64,000-$64,095 as the decisive recovery test instead of assuming that every bounce from $63,000 marks a durable bottom. Because Bitcoin trades continuously, weekend conditions can sometimes involve thinner liquidity and less reliable breakouts. Confirmation through time, repeated closes or a successful retest may therefore be more useful than reacting to the first price spike. What should Bitcoin traders watch next? Bitcoin has defended the lower part of the previous month’s value area, but the rebound still needs to prove itself. The immediate challenge is to move beyond $63,175 and $63,270. The much larger test remains $64,000-$64,095. A successful reclaim would indicate that Bitcoin is returning toward the center of the previous month’s accepted value rather than merely bouncing from support. Until that happens, Bitcoin may be stabilizing, but it is not yet showing a fully confirmed bullish recovery. 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