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Dogecoin is moving inside a rising long-term channel as its monthly chart forms a developing third wave. The price trades close to $0.15 as traders examine patterns that also shaped earlier waves from 2014 through 2024. The chart shows rotating movements inside the channel that guided each major cycle and set clear support and resistance zones.
The new trend now appears early in formation while the price holds near the mid-channel band. This development follows the first US spot DOGE ETFs, which entered the market as bitcoin advanced above $91,000.
The first wave began in 2014 and carried Dogecoin toward the central area of the rising channel. The price then climbed toward the upper band in 2017 as the trend strengthened. The chart later moved toward the lower section as the cycle cooled and built ground for the next expansion.
The second wave started in 2018 after the earlier retracement. The price advanced from the lower band and climbed at a steady pace inside the channel. Dogecoin later surged sharply in early 2021 as the price reached the upper range.
The cycle then returned toward the mid-channel zone as broader market conditions shifted. This movement matched the earlier structural rhythm and set the foundation for the next phase. The price then stabilized and rotated through long-term support regions.
Dogecoin now sits in the early stage of a third wave inside the same rising framework. The price holds near $0.15 while the chart outlines clear structural paths. The mid-band area remains active as traders measure strength across monthly closes.
A supportive region between $0.08 and $0.10 still aligns with earlier reversals from both previous cycles. The channel continues to guide expectations as the market navigates the broader range. The upper zone stretches toward long-term targets that sit beyond the $0.50 area.
The third wave now aligns with the measured rhythm of earlier expansions. Traders now ask whether this structure can maintain its pace as new ETF products enter the market and trading flows evolve. The price movement now depends on how monthly closes interact with the mid-channel zone.
Dogecoin’s recent movement followed the arrival of the first US spot DOGE ETFs. Grayscale launched GDOG on NYSE Arca with $1.41 million in day-one volume and zero net inflows. The listing expanded regulated access for traders tracking the asset.
Bitwise introduced its DOGE product under the ticker BWOW on November 26. The firm set a 0.34% management fee with a temporary 0% rate on the first $500 million. The launch added another exchange-traded route for gaining exposure to the asset.
Hunter Horsley, Bitwise’s CEO, shared a statement on the social platform X. He noted DOGE’s long presence in online culture and confirmed the availability of BWOW for brokerage accounts. These developments followed months of trading near the $0.14 zone as Dogecoin held firm during repeated tests.
Read More: Dogecoin News Today: DOGE Gains Strength as Price Rebounds From Key Support Zone
Dogecoin now advances through a developing third wave while holding its long-term rising channel structure. The launches of GDOG and BWOW expand regulated access and strengthen market participation. Traders now track monthly closes to measure momentum and evaluate whether the broader trend can maintain its current pace.
