- Spot Dogecoin ETF filing with the SEC could trigger automatic approval within 20 days, boosting mainstream adoption.
- Technical indicators hint at bullish potential, with DOGE trading near oversold levels on the Bollinger Bands.
- An RSI at 44.86 and a positive MACD crossover suggest early signs of a potential recovery toward $0.21.
Dogecoin (DOGE) is displaying positive momentum and renewed investor enthusiasm, with its price experiencing a notable and sustained boost. Over the past 24 hours, it has climbed nearly 9.95%, showcasing growing market confidence, but it remains down by 3.28% over the past week amid broader market fluctuations.
At the time of writing, the asset is trading at $0.1811, supported by an impressive 24-hour trading volume of $3.43 billion, marking a significant 81.63% increase in daily activity. Moreover, the token’s market capitalization currently stands at $27.48 billion, reinforcing its position among the leading digital assets in the market.
Source: CoinMarketCap
Also Read: Dogecoin (DOGE) Builds Momentum: Can November Spark the Next Rally?
Dogecoin ETF Approval Could Push the Rally to New Highs
Bitwise Asset Management has filed a Form 8-A with the U.S. Securities and Exchange Commission, marking a key step toward launching a spot the coin ETF. The filing triggers a 20-day countdown for automatic approval if the SEC raises no objections, potentially allowing trading by late November 2025.
If approved, it would be a major milestone for altcoin adoption in mainstream finance. The move follows the success of Bitcoin and Ethereum ETFs, showing growing institutional interest in other crypto assets. Analysts say the coin ETF could boost liquidity, attract new investors, and open the door for more meme-coin-based funds.
The news has also brought strong momentum, with the coin recording increased trading volume and enthusiasm among investors. It is believed that the enthusiasm shows stronger confidence in digital assets, aside from Bitcoin and Ethereum. The launch of the asset’s first ETF might be a turning point, making it firmly seated among the best-performing tokens.
Dogecoin (DOGE) technicals hint at a recovery to $0.21
From the technical perspective, Dogecoin has been hovering close to the lower Bollinger Bands, marking a bearish market condition along with the possibility of being oversold, usually considered a bullish reversal. The token is trading below the mid-band, which is the 20-day SMA of $0.186, along with the upper band at $0.2119.
Source: TradingView
The value of RSI is 44.86, implying some bearishness but not to the point of being oversold. The MACD line is slightly above the signal line, along with a small positive histogram, hinting at a possible bullish crossover. In order to consolidate a turnaround, it has to cross the midpoint of the Bollinger Band and attempt to rise to 50-60 levels on the RSI, along with larger bars on the histogram of the MACD.
Also Read: Dogecoin Price Shows Early Signs of Rebound Toward $0.17
