Dogecoin has stabilized near the $0.14–$0.15 range after months of declines. The cryptocurrency has broken out of a short-term downtrend as selling pressure eases and traders rotate into meme coins amid sideways Bitcoin trading.
Memecoin Stabilization
The meme-based cryptocurrency is trading around $0.148, supported by higher volumes and improving technical indicators. DOGE reclaimed short-term support near $0.14 and briefly touched $0.147 following a prolonged selloff from October highs that pushed prices toward the $0.13 zone.
The decline flushed out leveraged positions and cooled speculative activity.
On the daily chart, DOGE has moved back above its 20-day and 50-day moving averages, levels short-term traders watch for early signs of trend shifts.
The Relative Strength Index (RSI) has climbed from oversold territory into neutral levels. Derivatives data show rising open interest, indicating traders are positioning for near-term volatility.
The rally extends beyond Dogecoin, with other meme tokens including Pepe posting sharp gains. CoinGecko's GMCI Meme Index has climbed in tandem with rising trading volumes.
ETF Potential Drives Interest
Beyond technical factors, potential ecosystem developments are adding to Dogecoin's visibility. Discussions around expanding DOGE-related initiatives in Japan focus on real-world asset tokenization and regulated Web3 applications.
In the U.S., a proposed spot Dogecoin ETF from 21Shares is drawing attention.
The product would track DOGE's spot price without leverage or derivatives, giving traditional investors a regulated way to gain exposure.
Holding above the $0.138–$0.140 area maintains the rebound, with $0.15 serving as the next key resistance. A sustained move above $0.15–$0.155 could open the door to testing the declining 50-day average near $0.16.