Dogecoin drops to $0.161, down 31% in a month as RSI signals capitulation. ADX confirms bearish trend with increased directional strength. Will oversold bounce happen at current levels or test support at $0.14?

Dogecoin Tests Critical $0.17 Support as ETF Speculation Heats Up Market Sentiment Market Pulse DOGE consolidates near six-time tested support at $0.1716 while ETF filing momentum builds Technical patterns suggest potential reversal setup with measured targets above $0.21 ADX reading confirms trend strength developing as volatility compression phase ends Dogecoin’s price action reflects a market at an inflection point, with the meme coin trading at $0.1687 after sliding 18.97% over the past week from its recent peak near $0.21. The Bitwise ETF filing has injected fresh institutional interest into DOGE just as price tests a critical support zone that’s held firm six times since summer. The primary question facing traders: will this historically reliable floor at $0.1716 spring another rally leg, or has the broader crypto correction finally overwhelmed buyer conviction?