DOGE Breaks Above $0.14, Meme Coin Rally Gains Traction
Dogecoin has stabilized near the $0.14, $0.15 range after months of declines, breaking out of a short-term downtrend as selling pressure eases.
The meme-based cryptocurrency is trading around $0.148, supported by higher volumes and improving technical indicators.
DOGE reclaimed short-term support near $0.14 and briefly touched $0.147 following a prolonged selloff from October highs that pushed prices toward the $0.13 zone.
The decline flushed out leveraged positions and cooled speculative activity, with the RSI having climbed from oversold territory into neutral levels.
A proposed spot Dogecoin ETF from 21Shares is drawing attention, as it would track DOGE's spot price without leverage or derivatives, giving traditional investors a regulated way to gain exposure.