Dogecoin traded at $0.1397 on Saturday, staying above a key support level at $0.1153. The token is still in a bear market after falling more than 70% from its highest point in 2025, but traders are watching whether this area can hold as a floor.
Fund flow data has started to improve. DOGE-related ETFs added more than $1.94 million this week after taking in over $2.59 million a week earlier. Monthly inflows have now reached $4.23 million, the biggest monthly increase on record for these funds. In total, the products have attracted more than $4.64 million in inflows, lifting net assets to over $10.16 million. That equals about 0.04% of Dogecoin’s market capitalization.
Weekly chart keeps focus on the lower edge of the pattern
The weekly chart in the source report shows DOGE sliding from $0.4788 in November 2024 to about $0.14 now. Even so, the token remains slightly above the lower side of a megaphone pattern. In technical analysis, that setup is often treated as a bullish continuation structure, and the report notes that Dogecoin has rebounded each time it approached that support zone.
Elliott Wave setup points to two upside levels
The analysis says DOGE has completed the AB, BC, and CD phases and is beginning the DE phase. If that structure holds, the first price level to watch is $0.3068, which would mark a gain of about 117% from the current level. A break above that area would shift attention to $0.4788, implying roughly 235% upside from current prices.
The invalidation level matters. A move below the lower side of the channel would weaken the setup and cancel the Elliott Wave case described in the report. The source also notes that this bullish thesis is based on the weekly chart, so any move would likely take time to develop.