Dogecoin Price Prediction: DOGE Soars 7% As 21Shares Amends S-1 For Dogecoin ETF Approval

The Dogecoin price soared 7% in the last 24 hours to trade at $0.20 as of 5:53 a.m. EST on trading volume that rose 78% to $2.2 billion.

That rise in the DOGE price comes as 21Shares submitted an amended S-1 form to confirm TDOG as the ticker symbol for its Dogecoin ETF (exchange-traded fund).

The product will track the price performance of DOGE as measured by the CF Dogecoin-Dollar US Settlement Price Index.

According to the updated filing, Coinbase Custody Trust Company will be the custodian and 21Shares US LLC will be the seed capital investor.

The trust is set to use $1.5 million to purchase DOGE prior to the listing of the ETF.

Dogecoin Price Attempts Recovery After Recent Dip

The DOGE price has recently shown signs of stabilizing, following a sharp correction that tested the prices below the $0.19 support zone.

The daily chart for the DOGE price reveals that Dogecoin dipped below the key 1.0 Fibonacci retracement level ($0.190), where buyers appeared to defend the area with moderate strength.

The bounce from that region suggests renewed accumulation interest near the $0.19–$0.20 zone.

DOGE has struggled to regain sustained bullish momentum after peaking near $0.30 in late September. While the recent pullback tested deeper Fibonacci levels, the ongoing attempt to reclaim short-term moving averages hints that the coin may be preparing for a consolidation phase before its next decisive move.

The 50-day Simple Moving Average (SMA) at $0.236 now acts as a resistance, while the 200-day SMA near $0.207 sits just above the current price.

The Relative Strength Index (RSI) currently stands at 42.71, indicating mildly bearish momentum but leaving room for a potential rebound. A move above 50 on the RSI would be an early signal of renewed bullish energy entering the market.

From a Fibonacci perspective, immediate resistance sits near $0.215 (0.786 Fib), followed by $0.234 (0.618 Fib) and $0.248 (0.5 Fib). A sustained break above these zones could open the path toward $0.26–$0.28, an area historically associated with heavy profit-taking.

DOGE Targets $0.25 As Bulls Eye Recovery

If buyers can push DOGE above its 200-day SMA at $0.21, the coin could target a retest of the $0.23–$0.25 range, representing a 15–20% upside from current levels.

On the downside, if the price of Dogecoin fails to maintain support above $0.19, the next key levels to watch are $0.158 (1.272 Fib) and $0.118 (1.618 Fib), zones where stronger buying interest could potentially emerge.

Analyst Ali Martinez predicts a recovery to $0.29 first, setting $0.45 and $0.86 as higher targets for the DOGE price if ETF approvals are announced.