Dogecoin has joined the broader market's recovery attempts in the past week, posting a 10% surge that drove it to $0.15 as of press time.
Analyst Ali Martinez has outlined the most significant support and resistance lines, which can determine the asset's next move if broken to either side.
Key levels for Dogecoin $DOGE:
– Support at $0.08
– Resistance at $0.20 pic.twitter.com/WSVbYdgFHs— Ali (@ali_charts) November 29, 2025
It has been a considerable amount of time since the original meme coin traded anywhere near the support level brought up by Martinez. In fact, the last instance DOGE was below $0.10 and close to $0.08 was in the summer of last year. During that period, it successfully tested this level and subsequently embarked on a significant run, reaching almost $0.50 following the US presidential elections.
In contrast, the resistance at $0.20 was last approached a month ago. After this level was breached, DOGE experienced a notable downturn that led to a bottoming out at $0.135, before it initiated a relief rally to its current price of $0.15.
Dogecoin's Legitimacy and New ETF Offerings
These support and resistance levels emerge at a significant juncture for Dogecoin. What began as a jest a decade ago has now evolved into a recognized financial product, with multiple exchange-traded funds (ETFs) on US soil tracking its performance.
Following the conversion of Grayscale's DOGE Trust into a spot ETF last Monday, Bitwise announced on Wednesday the launch of its own similar product, named BWOW.
“DOGE is simply a 12-year-old coin based on a picture of a cute dog, people doing good, and the common ideal in crypto that people should have the freedom to do as they choose. And, against the odds, it has kept its relevance—and its value—longer than just about anything else in crypto,” commented Bitwise’s CEO, Hunter Horsley.
Market Reception to New Dogecoin ETFs
Data from SoSoValue indicates that demand for the meme coin was notably absent during its debut week. The total net inflows registered just over $2 million by the week's end, significantly trailing the figures for XRP and SOL during their respective initial weeks.