I noticed that Dogecoin is gaining momentum again. Over the past few days, the meme coin broke above $0.097 and is now trading around $0.10, which represents a roughly 5% increase over the week. It looks like a steady upward trend amid a market that's generally willing to take risks.

I checked CoinGlass data — the picture is interesting. Open interest in DOGE has risen to $1.2 billion, while derivatives volume has fallen by 23%. This indicates position accumulation during a period of low trading activity. But most importantly, in the futures market, a net inflow of $55.68 million has occurred recently, which is 42% higher than before. CoinGlass shows that people are actively closing short positions, with over $2.7 million in shorts liquidated.

Technically, the bulls are clearly in control. The RSI has risen to 58, and the bull-bear indicator is at a three-week high of 25.5. If this persists, DOGE could reach $0.10 and higher. But there's a caveat — spot market inflows have started, with people withdrawing coins to exchanges. CoinGlass records an increase in deposits, which usually precedes a correction. If selling intensifies, a pullback to $0.092 could occur.

Overall, an interesting moment — there is growth, but volume and exchange inflows need to be monitored. CoinGlass data helps track where capital is moving.