Dogecoin News Today: Crypto Winter Tests DOGE ETFs as Technicals Hint at 80% Rally

Dogecoin (DOGE) is poised for a potential 80-90% price surge as the meme coin forms a falling wedge pattern ahead of a wave of ETF launches, according to technical analysts and market observers. The cryptocurrency has been trading near $0.14, down 26% over the past month and 53% from its September high, amid broader market weakness and declining expectations for a Federal Reserve rate cut in December. However, the formation of a tightening falling wedge on the daily chart - marked by converging trendlines - suggests that a bullish breakout could occur as institutional and retail investors prepare for the launch of multiple DOGE ETFs in the coming weeks.

The catalyst for renewed optimism centers on Grayscale's spot Dogecoin ETF (GDOG), which went live recently, and 21Shares' upcoming product, offering regulated exposure to the asset without direct ownership according to technical analysts. Analysts draw parallels to the XRP ETF launch in January 2025, which briefly boosted the token by 18% before broader market pressures negated gains according to market reports. While the crypto sector remains in a bearish phase - with Bitcoin below $85,000 and the total market cap shedding $120 billion in 24 hours - DOGE's technical structure suggests a reversal could materialize if the price breaks above the wedge's upper trendline according to technical analysis.

Technical indicators highlight both bullish and bearish signals. On the downside, DOGE has failed multiple support levels, trading below its 50-day and 200-day moving averages, and faces resistance at $0.1495. Yet, the falling wedge's tightening pattern implies volatility may compress before a breakout. If the price surges 80-90%, a move toward $0.27–$0.29 is projected. A broader cyclical analysis from pseudonymous crypto analyst "Bark" suggests DOGE could replicate its 2017 and 2021 accumulation phases, potentially targeting $5 by 2026 according to market projections.

The ETF launches represent a critical test for DOGE's long-term viability. Grayscale's GDOG and Bitwise's BWOW ETF, which debuted on the NYSE, could attract institutional capital and stabilize the coin's valuation according to market analysis. However, near-term risks persist. Whale selling and thin liquidity in the meme coin sector have kept price action fragile, while macroeconomic concerns - such as high interest rates and weak risk appetite - remain unaddressed according to analysts.

Market participants are also monitoring the fallout from Elon Musk's Department of Government Efficiency (D.O.G.E), which dissolved eight months early, though this has not directly impacted DOGE's price according to market reports. Meanwhile, cat-themed memecoins have outperformed their dog-themed counterparts, with a 4.2% market cap gain compared to DOGE's 4% rise according to price data.

As the crypto market navigates a volatile winter, DOGE's fortunes hinge on the success of its ETFs and broader market sentiment. While the falling wedge setup offers a compelling bullish case, analysts caution that sustained gains will require a broader improvement in macroeconomic conditions and institutional adoption.