In the past 24 hours, the price of Dogecoin (DOGE) has risen by 4%, currently quoted at $0.1464. Despite the rebound, DOGE's weekly decline is still 2.5%, with a monthly drop of 19%. Over the past year, its price has cumulatively fallen by 64%. However, this rebound has successfully established a key support level at $0.130. As the most关注的 meme token among retail and institutional investors, Dogecoin's price trend in the coming weeks is highly anticipated.
📈 Technical indicators show signs of strengthening
From the price chart, DOGE has not only rebounded at the $0.130 support level, but multiple technical indicators have also gradually recovered after reaching a bottom in late November. Its MACD indicator is steadily approaching the zero axis, and once it turns positive, it may trigger a breakout signal. Meanwhile, the Relative Strength Index (RSI) is also attempting to break above the 50 midline after several months of being oversold. All of these are positive signals for the price's medium to long-term bottoming and brewing rebound.
🏦 Institutional dynamics constitute a dual catalyst
Recently, multiple institutions have launched Dogecoin ETF products, including the related ETFs launched by Bitwise and Grayscale on the NYSE at the end of November, as well as the earlier listed Rex-Osprey Dogecoin ETF. Although these products did not immediately drive up coin prices significantly, they provided DOGE with a unique institutional entry and liquidity support, making it the only compliant ETF meme coin in the United States, creating conditions for a rise when sentiment warms up.
🎯 Future path: Key price levels and target outlook
If market sentiment continues to improve, DOGE is expected to test the resistance level of $0.20 before the end of the year, and further push towards the $0.40 range in the second quarter of 2026. However, this all hinges on the price firmly holding the current support range, as any loss could jeopardize the breakthrough expectations. Investors should closely monitor market reactions following the implementation of macro policies, as well as whether DOGE can achieve an effective breakthrough with accompanying trading volume.
