Dogecoin recently participated in a broader market uptick, experiencing a 10% increase that brought its price to $0.15 at the time of reporting.

Analyst Ali Martinez highlighted significant support and resistance levels that could dictate the cryptocurrency’s next movement:

Key levels for Dogecoin $DOGE:
– Support at $0.08
– Resistance at $0.20 pic.twitter.com/WSVbYdgFHs
— Ali (@ali_charts) November 29, 2025

This marks a notable point in Dogecoin’s trading history, as it hasn’t dipped near the $0.08 support level since last summer, following a successful rebound towards nearly $0.50 post US presidential elections.

Conversely, the last instance of the resistance at $0.20 was about a month ago, which led to a drop to around $0.135 before recovering back to the current $0.15.

These indicators appear at a critical juncture for Dogecoin. Initially birthed as a joke cryptocurrency a decade ago, it has now evolved into a legitimate financial instrument, with the recent launches of multiple ETFs in the U.S. that track its performance.

After Grayscale converted its DOGE Trust into a spot ETF the previous week, Bitwise announced its competing product known as BWOW on Wednesday.

“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.

However, data from SoSoValue indicates that the first week of demand for the meme coin was underwhelming, with total net inflows barely exceeding $2 million, lagging behind counterparts like XRP and SOL during their initial weeks.