Dogecoin Flashes Buy Signal Near Support as ETF Inflows Return

TLDR:

• DOGE approaches $0.056 support as TD Sequential flashes monthly buy signal.
• Analyst eyes $0.16 rebound target, with $0.45 as broader channel resistance. 
• Triangle pattern forms on DOGE chart, contingent on holding invalidation level.
• Spot Dogecoin ETFs post first inflows since June 17, breaking month-long drought. 

Dogecoin is showing early signs of a technical reversal as the meme coin trades near $0.07. A closely watched indicator has flashed a buy signal on the monthly chart. Analysts are now watching a key support zone that could determine the next major move for the token.

Technical Setup Points To Possible Rebound

The TD Sequential indicator has triggered a buy signal on Dogecoin’s monthly timeframe. This development comes as the token approaches a support level near $0.056. Chart analyst Ali Charts shared the setup, noting that a hold above this zone could open the door for upside.

According to the analysis, a successful defense of support could send Dogecoin toward $0.16 first. That level marks an initial rebound target based on prior price structure. A move beyond that point could then bring the broader channel resistance into focus.

The upper boundary of the wider price channel sits near $0.45. This figure represents the more ambitious target if buying pressure builds steadily. Traders following this setup are watching the $0.056 zone closely for confirmation of a bottom.

Triangle Pattern Adds To Bullish Case

A separate analysis from XForceGlobal points to a potential triangle formation building on the Dogecoin chart. The trader described the setup as one worth monitoring closely in the coming weeks. Price action staying above a defined invalidation level is central to the thesis.

XForceGlobal suggested that holding above this line could support a substantial move higher. The estimate cited ranges as high as ten to twenty times current levels. This outlook rests on accumulation patterns and broader cycle rotation dynamics playing out.

The post described the current phase as a last stand for bulls defending the pattern. Should the invalidation level break, the triangle thesis would no longer hold. Market participants are tracking price behavior around this boundary for further direction.

Spot ETF Flows Show Early Signs Of Life

Spot Dogecoin ETFs recorded their first inflows since June 17 this week. The funds took in 345,130 dollars in net inflows on July 21. While modest in size, the figure breaks a lengthy stretch without fresh capital entering these products.

Before this inflow, spot Dogecoin ETFs had gone more than a month without any net additions. That period also included a single day of outflows recorded on July 2. The recent figure marks a shift after weeks of stagnant or negative flow data.

The timing coincides with renewed attention on meme coins across the broader crypto market. Whether this inflow signals a lasting trend remains unclear at this stage. Investors are watching upcoming ETF data to see if the pattern continues building momentum.

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