Dogecoin (DOGE) is showing signs of a potential price rebound, supported by technical analysis patterns and increasing inflows into DOGE-related Exchange-Traded Funds (ETFs). The token was trading at $0.1397, holding above a crucial support level of $0.1153, despite remaining in a bear market after falling over 70% from its 2025 peak.
ETF demand has emerged as a notable catalyst. Data reveals DOGE ETFs added over $1.94 million in inflows this past week, following an addition of $2.59 million the week prior. Monthly inflows have surged to $4.23 million, marking the largest monthly increase on record. Total net assets for these funds now exceed $10.16 million, accounting for approximately 0.04% of Dogecoin's total market capitalization.
From a technical perspective, analysts are pointing to bullish patterns. On the weekly chart, DOGE has declined from a high of $0.4788 in November 2024 to current levels. However, the price remains slightly above the lower boundary of a megaphone pattern, which is often interpreted as a bullish continuation signal. Historically, Dogecoin has rebounded each time it has tested this support level.
Elliot Wave analysis suggests the coin may have completed the AB, BC, and CD phases and is now beginning the DE phase, which could signal the start of an upward move. If this pattern holds, initial technical targets are set at $0.3068 (a 117% increase from current levels) and then at the key resistance of $0.4788 (a 235% increase). A break below the channel's lower support would invalidate this bullish outlook.
Complementing this view, chart analysis from Trader Tardigrade highlights a repeating five-bar cycle structure on the 3-month timeframe. Dogecoin has historically moved through a sequence of a five-bar downtrend followed by a five-bar recovery phase, which often precedes sustained uptrends. The current price action suggests DOGE is within this recovery window, a phase characterized by compressed volatility, weakening downside momentum, and a shift from distribution to re-accumulation.
Short-term price action on the 4-hour chart shows stabilization around the $0.14 region, with declining volatility and balanced buying and selling pressure, consistent with a broader consolidation phase. The key takeaway from analysts is that the market structure is evolving: recovery first, then trend. The completion of the current recovery phase could set the stage for a transition into a fresh uptrend, though confirmation will depend on price behavior as this phase matures.
