Dogecoin Faces Critical Support Test as ETF Inflows Hit $12M

Dogecoin (DOGE) is testing its critical $0.056 support threshold as the meme coin's price approaches this long-term level on monthly timeframes.

A TD Sequential buy signal is forming, indicating potential bearish exhaustion according to analyst Ali Martinez, who sees upside potential to $0.16 and eventually $0.45 targets if DOGE successfully defends its current support levels.

However, should DOGE close a monthly candle beneath $0.056, it would compromise the buy signal's validity and potentially trigger further downside movement beyond the current technical framework.