Dogecoin ETFs saw over $600,000 in inflows on May 5 and 6, despite the cryptocurrency's price decline and weakening technical momentum. The meme coin fell 4.62% on May 7, trading near $0.11, yet institutional demand persisted, as evidenced by the fresh inflows. A rising wedge pattern on the four-hour chart indicates potential bearish pressure, with Dogecoin at risk of dropping to $0.103. Despite this, Bitcoin's rise above $82,000 has bolstered overall market sentiment, maintaining institutional interest in Dogecoin. Traders are closely monitoring whether Dogecoin can hold the $0.10 support level amid increasing selling pressure.