DOGE Flashes Rare Monthly Buy Signal as ETF Inflows Fuel Breakout Hopes

Monthly buy signal suggests Dogecoin's bearish momentum may be fading near key support. ETF inflows above $12 million reflect growing institutional interest in DOGE. Reclaiming $0.08 could strengthen momentum and target higher resistance levels. Dogecoin — DOGE, has returned to the spotlight after several quiet weeks. Price remains well below this year's peak, yet optimism continues growing. Analysts now point to technical signals that rarely appear on higher timeframes. At the same time, institutional interest keeps improving through rising ETF inflows. Together, those developments have renewed hopes that DOGE could prepare for another major move if buyers defend critical support levels. https://twitter.com/i/status/2081001772533895193 Monthly Buy Signal Puts Dogecoin Back on Watch DOGE currently trades near $0.07291 after posting modest daily gains. Recent price action remains under pressure following a long correction. Even so, several analysts believe selling momentum may finally weaken. A monthly TD Sequential buy signal recently appeared near the $0.056 support level. Traders often monitor this indicator for signs of trend exhaustion. Although no signal guarantees a reversal, many investors consider such setups important. Analyst Ali Martinez believes the current zone deserves close attention. Holding above $0.056 could encourage fresh buying activity. A successful defense may also support a recovery toward higher resistance levels. The first bullish target stands near $0.16. A stronger recovery could eventually open the path toward $0.45. However, buyers must reclaim several resistance levels before that scenario becomes realistic. Failure to hold current support would change the outlook. A monthly close below $0.056 could strengthen bearish pressure. Another positive development comes from institutional demand. Dogecoin ETFs have attracted more than $12 million in net inflows. Growing interest from regulated investment products suggests confidence continues improving. Institutional participation often strengthens market sentiment. Large investors usually focus on long-term opportunities instead of short-term volatility. Rising ETF demand adds another supportive factor for DOGE. Key Technical Levels Could Decide DOGE's Next Move Another important chart pattern continues attracting attention. Dogecoin still trades inside a multiyear contracting triangle. Many analysts consider such formations potential launchpads for larger trends. Elliott Wave analysis suggests more price swings could appear before a breakout. Bulls must protect support near $0.05 to preserve that structure. Losing that level would weaken the current technical outlook. A recovery above $0.10 would offer another encouraging signal. Buyers would regain greater control above that price. Additional resistance waits near $0.18 and later around $0.24. Momentum now depends on support holding through coming sessions. Technical indicators and ETF inflows provide reasons for cautious optimism. Still, confirmation remains essential before declaring a lasting trend reversal. Dogecoin now sits near a critical turning point. Buyers and sellers continue battling around major support. A successful defense could shift momentum back toward the bulls. The next few weeks may determine whether DOGE begins another sustained recovery or extends the current correction.