Dogecoin News Today: Dogecoin ETFs Cling To $0.138 Floor As Altcoin Rivals Surge Ahead

Dogecoin ETFs, which debuted with muted enthusiasm, remain flat as traders await technical validation for a potential rebound. The Bitwise Dogecoin ETF (BWOW) and Grayscale's GDOG product have struggled to attract meaningful inflows compared to their XRP and Solana counterparts. While BWOW's launch on November 20 marked the first regulated exposure to the memecoin, its initial trading volume of $1.41 million paled against the $243 million surge seen in the XRP ETF debut. Analysts attribute the underperformance to weak institutional demand and a broader market selloff, with Bitcoin's recent decline below $85,000 exacerbating risk-off sentiment.

The technical outlook for DOGE, however, hints at a potential turnaround if key support levels hold. A breakdown below $0.15 in late November triggered a cascade of liquidations, pushing the price to a new floor near $0.138. Despite the bearish momentum, on-chain data suggests stabilization around this level, with volume surging 263% above the 24-hour average during the collapse. Traders are now watching whether DOGE can retest the $0.144 gap zone - a critical inflection point that could signal early recovery attempts.

If the coin manages to stay above $0.138, some analysts argue it could target $1, leveraging renewed ETF-driven demand and broader macroeconomic shifts.

The broader altcoin ETF landscape remains dynamic, with XRP and Solana outperforming DOGE. Franklin Templeton's XRPZ and Grayscale's GXRP attracted $164 million on their first day, while Solana ETFs have amassed over $621 million in cumulative inflows since October. These products have benefited from institutional-grade infrastructure, including regulated brokerage access and in-kind creation mechanisms, which are still pending for DOGE. Grayscale, which also filed to convert its Zcash Trust to an ETF, highlighted regulatory hurdles in enabling similar features for Dogecoin, citing unresolved operational complexities with market participants.

Bitcoin's recent recovery above $90,000 has indirectly bolstered altcoin sentiment. BlackRock's IBIT ETF, the largest Bitcoin fund, returned to a $3.2 billion unrealized profit as inflows resumed for the first time in two weeks. This trend suggests that ETF-driven capital rotation could eventually extend to altcoins, particularly if Federal Reserve rate-cut expectations intensify. The probability of a December cut rose 46% in a week, lifting risk appetite across asset classes.

Looking ahead, the success of Dogecoin ETFs hinges on macroeconomic stability and technical validation. While current charts remain bearish, with DOGE trading below its 200-day moving average, a sustained rebound above $0.144 could reignite retail and institutional interest. Analysts caution, however, that without fresh whale accumulation or significant ETF inflows, the path to $1 remains speculative.