Dogecoin Price Rises 3% as Grayscale ETF Filing Sparks Market Optimism

The Dogecoin price surged 3% in the last 24 hours to trade at $0.2256, on a 45% drop in the daily trading volume to $1.82 billion.

Dogecoin Price Surges on Grayscale’s Spot ETF Filing

The jump in the DOGE price comes after Grayscale Investments filed an updated S-1 with the U.S. Securities and Exchange Commission (SEC) to launch its Dogecoin Trust ETF under the ticker $GDOG on NYSE Arca. The fund will hold DOGE directly, exposing investors to the spot market value minus management fees.

Coinbase Custody will handle asset custody, following common institutional standards. This step builds on Grayscale’s earlier 19b-4 filing from February 13, 2025, which set the stage for the latest progress. If approved, the ETF could boost liquidity and draw more institutional interest.

The filing also signals a positive outlook for similar ETF structures, including those from 21Shares that had faced delays. With October 2025 shaping up as a key decision period, the outcome may play a major role in shaping Dogecoin’s price trends in both spot and derivatives markets.

Trader Tardigrade on X says Dogecoin’s weekly chart shows a broadening wedge, a pattern of higher highs and higher lows that often signals growth.

In past moves, DOGE jumped +120% from $0.22 to $0.48, then another +190% to $0.77. If the pattern continues, the analyst believes Dogecoin could rise to $1.4.

History also shows that each rally inside this pattern has gotten bigger, which supports a bullish Dogecoin outlook for 2025.

Dogecoin Price Builds Strength as Bulls Target Breakout 

Dogecoin (DOGE) is showing signs of recovery after a long period of weakness. The coin is trading near $0.23, with buyers slowly gaining control as the market builds momentum.

Looking at the chart, DOGE had dropped sharply earlier this year in a bearish channel, falling from around $0.50 down to the $0.15–$0.17 support zone. This level acted as a strong floor, where the price stayed in consolidation for weeks. 

From there, DOGE started to climb again, moving into the buy zone and now approaching the key resistance area between $0.28 and $0.30. If the price manages to break above this resistance, analysts expect a possible move toward $0.35 or even higher. This would confirm a new bullish trend after months of sideways action.

DOGEUSDT Analysis. Source: Tradingview

Dogecoin Price Could Rally Toward $0.50

The Relative Strength Index (RSI) is now around 54, which means DOGE is not overbought and still has room to rise. The RSI has also bounced from lower levels, showing that momentum is improving.

In addition, DOGE has been forming higher lows since June. This is a positive sign because it shows that buyers are stepping in at higher levels each time, slowly pushing the market upward.

For traders, the next big test is the $0.30 resistance. A breakout above this level could open the way for a rally toward the $0.35–$0.50 range. On the other hand, if the price pulls back, support lies around $0.20, with a stronger base near $0.17.

Overall, Dogecoin’s chart is turning more bullish after a difficult first half of 2025. With strong support below, improving momentum, and a potential breakout ahead, DOGE may be preparing for a bigger rally in the coming months.