TLDR
- Dogecoin price strongest on-chain base lies near $0.07–$0.08 with 300B coins.
- Realized price clusters at $0.12–$0.15 could slow upward momentum.
- The first meme coin ETF may boost fresh inflows and market excitement.
- The logarithmic trend projects a potential rally toward $1.40 this cycle.
Dogecoin price action is attracting renewed attention as it trades within a long-term upward channel and establishes a key support zone near $0.07. Fresh on-chain data from Glassnode shows that most DOGE coins last moved around this price level, creating a strong cost basis for holders. At the same time, traders are watching the first-ever meme coin exchange-traded fund (ETF) set to debut this week, a development that could accelerate capital inflows.
Dogecoin Base Forms Near $0.07–$0.08
Dogecoin’s realized price distribution reveals a heavy concentration of coins at $0.07–$0.08, where more than 300 billion DOGE were last transacted. This zone acts as the primary support area and indicates that most holders purchased within this price range. Sustaining values above this level may help stabilize price action and reduce the risk of deep corrections.
DOGE URPD Chart | Source: X
Additional clusters appear near $0.05–$0.06 and $0.13–$0.15, creating layers of secondary support and resistance. These clusters reflect past buying interest and may influence how quickly the market absorbs selling pressure or reacts to sudden rallies. Such distribution patterns often signal where buyers or sellers may act as the price approaches these levels.
Market Structure Points to a Long-Term Uptrend
Furthermore, the DOGE/USDT chart shows the token moving inside a logarithmic uptrend channel that began in early 2023. This formation is defined by consistent higher lows and higher highs, suggesting a sustained bullish structure over the past two years.
DOGE/USD 1D Chart | Source: X
From late 2023 to early 2024, Dogecoin price gained about 290 percent to reach $0.23. A later rally in 2025 pushed the token another 440 percent toward $0.50. These rallies provide context for the current pattern, with technical analysis now projecting a possible climb toward $1.40 if similar conditions return.
ETF Launch Could Attract New Capital
In addition, the upcoming introduction of the first meme coin ETF is expected to draw significant attention from institutional and retail investors. This development mirrors earlier market responses when Bitcoin and Ethereum ETFs entered trading, sparking substantial inflows and improving liquidity.
Analysts believe that increased demand from such a product could accelerate Dogecoin price gains. If trading volume rises sharply, the combination of new liquidity and the established uptrend may help push the price beyond mid-channel resistance around $0.50 and potentially closer to the $1.40 projection.
Traders Monitor Key Resistance Levels
At the same time, despite the constructive outlook, market participants remain alert to potential resistance points. Historical supply zones around $0.23 and $0.50 could slow rallies as holders look to realize profits. Monitoring volume spikes and sustained closes above these levels is critical for confirming any continued advance.
Price volatility remains possible even within a strong trend. Sharp pullbacks can occur when profit-taking or external market factors interrupt upward momentum. Traders often adjust positions quickly to manage risk while watching for confirmation of the next major move.
Dogecoin price remains supported by robust on-chain fundamentals and a long-term bullish chart formation. Coupled with the expected launch of a meme coin ETF, these elements create a framework where new capital could influence the next stage of DOGE’s market performance.
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