Dogecoin Tests Decade-Long Support Trend as ETF Inflows Rise

Dogecoin (DOGE) is testing its decade-long support trendline as renewed ETF inflows and speculative price targets draw market attention.

The monthly chart shows DOGE returning to a rising support trendline that has remained intact across several market cycles. This level has historically produced significant reactions, with the first test coming before the 2017 rally and another touch near the 2020 market low followed by an even larger expansion during the 2021 cycle.

The latest decline has brought DOGE price back towards the same structural support at $0.0750, a level that could break if lost, indicating a trend reversal. To maintain its bullish setup, DOGE needs to stabilize around the current $0.068-$0.070 region and avoid establishing a monthly breakdown beneath the rising trendline.

A move above the short-term trendline could first open the way towards $0.074-$0.076, followed by a wider recovery towards the $0.080-$0.086 region, where several Fibonacci levels and previous price reactions may create resistance.