Dogecoin Flashes Rare Buy Signal Amid ETF Inflows

Dogecoin has flashed a rare monthly buy signal as ETF inflows fuel hopes of another breakout. The TD Sequential indicator showed a buy signal on the monthly chart near a major support level at $0.056.

This could be a sign that the bearish momentum in Dogecoin may be fading, and buyers are gaining control. Analyst Ali Martinez believes holding above this support level would encourage fresh buying activity and potentially lead to higher resistance levels.

The first bullish target is near $0.16, while a stronger recovery could eventually open the path toward $0.45. However, buyers must reclaim several resistance levels before that scenario becomes realistic. A monthly close below $0.056 could strengthen bearish pressure.