Recent Price Performance and Potential Upside
The largest and oldest meme coin, Dogecoin (DOGE), experienced a significant downturn in recent weeks, mirroring the broader cryptocurrency market. Its price plummeted from over $0.185 on November 11 to $0.135 within a ten-day period. However, Dogecoin has since begun a recovery, currently trading at $0.145.
Data shared by analyst Ali Martinez suggests a potentially impressive future for Dogecoin's price movements. Martinez noted that the TD Sequential indicator, used to identify exhaustion points in price trends, has recently flashed a buy signal. Historically, the last time this signal appeared, DOGE's price surged by more than 100% in a relatively short timeframe. If a similar surge were to occur now, DOGE could potentially reach $0.30, a level not seen in over two months.
TD Sequential just flashed a buy signal for Dogecoin $DOGE! The previous one led to a 101.50% rebound. pic.twitter.com/smlsAi7U0w
— Ali (@ali_charts) November 23, 2025
Key Resistance Levels and Potential Downside
For Dogecoin to achieve such a price increase, it must overcome several resistance levels. Analyst CW, active on X, identified the first significant sell wall at $0.163. Should DOGE reclaim this level, it would then encounter further substantial obstacles at $0.185 and $0.195.
The sell wall for $DOGE exist at $0.163 pic.twitter.com/FKwDvXOlZ9
— CW (@CW8900) November 23, 2025
Conversely, if Dogecoin fails to maintain the $0.14 support level, it could face another significant downturn. Martinez highlighted that if this support breaks, the next target would be $0.07, a price point not seen in over a year and a half.
Upcoming Spot ETF Approval
In more positive news for the original meme coin, a spot exchange-traded fund (ETF) tracking Dogecoin's performance is set to launch soon. According to Eric Balchunas, a Bloomberg ETF expert, Grayscale's Trust is scheduled to be converted into a spot ETF on Monday, following its approval for listing on the New York Stock Exchange.