Did Dogecoin ETF Fail At Launch? Where Is Price Headed?

Dogecoin is trading at $0.149, sitting just below the $0.151 resistance. The meme coin remains trapped under a persistent downtrend that has lasted nearly a month, with little evidence of a breakout forming.

Given the weak ETF inflows and bearish on-chain signals, breaking above this downtrend could be difficult. DOGE may continue oscillating under the trendline and could fall toward $0.142 if selling pressure increases.

If Dogecoin manages to attract fresh demand, however, the picture changes. A decisive breach of the downtrend could push the price above $0.162 and potentially toward $0.175. This would invalidating the bearish thesis and setting the stage for renewed momentum.