Dogecoin 
$0.147555 is trading around $0.15, despite a 0.75% decline in the last 24 hours. This resurgence prompts investors to question whether this is the start of a sustained bull run or just a temporary recovery. The general market rebound has also given Dogecoin a boost, with increased trading volume drawing attention.
21Shares ETF Application Boosts Confidence
The rise in Dogecoin isn’t driven solely by technical indicators but also by corporate developments. 21Shares has submitted its fifth Dogecoin ETF application to the U.S. Securities and Exchange Commission (SEC), setting the fund management fee at 0.50%, to be paid weekly in DOGE. The ETF will be traded on Nasdaq under the “TDOG” symbol, tracking the CF Dogecoin-Dollar US Settlement Price Index.
This development is considered a significant step for integrating Dogecoin with traditional finance. If approved, the ETF will make it easier for institutional investors to access DOGE, potentially supporting long-term price stability. Experts suggest that the SEC’s 8(a) process completion could soon lead to trading approval.
Technical Outlook on DOGE Coin
Analysts note the formation of a Falling Wedge pattern in the Dogecoin chart. This pattern often indicates the potential for an upward breakout. The price is consolidating around the intersecting zone of dynamic resistance and support lines.
The Relative Strength Index (RSI) at 61.49 indicates a buyer’s market. The Moving Average Convergence Divergence (MACD) indicator is producing a positive signal, as the MACD line has crossed above the signal line. The rise in green bars on the histogram, along with increasing volume, suggests a possible short-term buying trend.
Should Dogecoin surpass the $0.16 and $0.18 levels, the $0.20 target could come into focus. However, if the price momentum falters, a pullback into the $0.13–$0.15 range should not be ruled out.
