Dogecoin Holds Steady Above $0.15 as Bulls Target a Breakout

Dogecoin price remains stable above the crucial $0.15 support zone, currently trading near $0.153 with a modest 1% daily increase. This slight rebound extends the recovery that began after last week’s decline, and technical indicators are now hinting at the early stages of a bullish reversal. Market sentiment has improved as DOGE consistently defends the $0.15 level, reinforcing confidence among traders.

Adding to the positive outlook, Bitwise recently launched a Dogecoin ETF on the NYSE, offering investor incentives through reduced fees. This development has generated fresh interest in DOGE, aligning with the broader crypto market uptrend. Over the past 24 hours, the global market rose by 1.01%, with major cryptocurrencies including Bitcoin, Ethereum, Solana, and XRP also posting gains—further supporting the strengthening bullish environment.

On-chain analyst Ali highlighted significant technical zones, noting that the major support sits around $0.080 due to heavy historical accumulation from holders. This area could act as a stabilizing point if the price dips further. Meanwhile, strong resistance remains near $0.20, where a high concentration of realized purchases suggests intensified trading activity that may influence short-term movements.

Analysts also observe that DOGE has been consolidating above long-term support, a pattern previously linked to major upside swings. Recent technical readings support this optimism: the MACD lines have crossed above the signal line, reflecting growing bullish momentum, while the histogram shows small but positive bars. The CMF indicator hovering slightly above zero signals returning capital inflows that could strengthen DOGE’s position if they continue.

Dogecoin faces immediate resistance at $0.16 and $0.18. A decisive close above these levels could pave the way for a move toward the $0.20 mark. However, failure to break higher may leave DOGE vulnerable to slipping below $0.15, with $0.14 acting as an interim support in the near term.