#Dogecoin dropped 22% this month, $DOGE has recovered 6.5% this week to $0.138 but remains optimistic as:
Grayscale's (GDOG) and Bitwise's (GWOW) ETFs have attracted nearly $2 million in initial capital into Dogecoin. A small number, but historically significant.
Key levels: Support at $0.08 Breakout at $0.20
Analyst Ali Martinez points out two levels that will determine the next big move for DOGE:
• $0.08 = strong support cluster
• $0.20 = breakout zone then resistance
#DOGE is consolidating in the range between these two levels as Bollinger Bands narrow and RSI resets a typical pattern before a breakout. Closing the week above $0.20 could open up a surge of 430% to $0.80, aligning with DOGE's accumulation => expansion cycle.
Could the ETF trigger the next wave?
The capital flow is still early but meaningful. Previous cycles had no ETF demand. As long as DOGE holds $0.08, the chart indicates a significant breakout is primed.
