Key Insights
- Dogecoin ETFs bring in nearly $2M, showing rising interest from traders who now monitor key support and resistance zones.
- Dogecoin holds market attention as Buenos Aires approves a new system that allows citizens to pay taxes using Dogecoin.
- Analysts track DOGE near $0.08 and $0.20 as ETF inflows grow and Argentina expands real-world crypto use.
Dogecoin draws new attention as traders watch fresh ETF inflows and a rising policy shift in Argentina. The market now follows two major events that shape the coin’s path, and both events link to Dogecoin’s growing presence in global finance.
Dogecoin Market Reacts to ETF Activity
Dogecoin gained new momentum after a long drop, and the price moved near the $0.1493 zone. The move came after its ETFs recorded fresh inflows that reached about two million dollars in recent days. GDOG now holds about $3.8 million in assets, and GWOW stands near 2.48 million dollars.
Data from SoSoValue shows that the ETFs posted no flows on 28 November, yet they recorded 1.8 million dollars on 25 November and 365 thousand dollars on 26 November. Traders now watch these numbers as ETF flows often show interest from larger holders.
Analyst Ali Martinez noted on X that two price levels are being watched by traders. Ali’s chart showed support near $0.08 and resistance near $0.20. These zones form the key area that traders expect to guide the next move as the price remains in a broad range. The weekly chart shows the price inside a long structure that has held for months, and the base zone continues to attract buyers.
Dogecoin Cost Basis Distribution Heatmap | Source: Ali_Charts/X
Dogecoin Price Structure and Market Outlook
The weekly chart shows narrow bands on momentum tools, and this often comes before a large move. The RSI now sits in the lower half, and traders see room for a fresh bounce. Some traders on social media say the pattern fits a repeated cycle that shows a rise after long accumulation.
The structure may support a move toward higher levels if the price stays above the base zone. Yet a move below $0.08 may break the pattern and create a long reset phase. The range between the lower and upper bands remains wide, and traders continue to watch the trendline that sits near the long structure.
Bitcoin ETFs brought in more than $71 million on 28 November, and this number shows that DOGE still waits for stronger demand. Ether and Solana also saw new flows, and market watchers note the split across crypto products.
Buenos Aires Approves Dogecoin Tax Payments
Buenos Aires passed a law that allows tax payments in Dogecoin, and this marks a new step in local finance. The city aims for a modern system that uses digital tools, and officials chose simple rules to support local users.
https://x.com/Coinvo/status/1994719234450964953?s=20
Many workers in Argentina hold crypto, and the new system helps them manage taxes without converting funds. Local voices on social media praised the law, and many users shared posts that called the move a new path for digital payments.
The change may attract global firms that follow blockchain tools, and start-ups may also build new services for the city system. More cities in Argentina may adopt similar options as the country expands its digital plans, and observers continue to watch how Dogecoin use grows in public services.
