Dogecoin News Today: Dogecoin Rises 20% as Grayscale Files Spot ETF and Price Approaches $0.25 Resistance

Dogecoin (DOGE) is currently showing signs of upward momentum, with institutional and retail investors showing renewed interest. Over the past seven days, DOGE gained nearly 20%, pushing the price above $0.25 before retreating to the $0.23–$0.24 range. This movement has drawn attention from analysts who have identified a forming ascending triangle on the daily chart, a pattern that could signal a bullish breakout if supported by increased trading volume. The $0.25 resistance level has been tested multiple times in 2025, and a confirmed close above this level could trigger a rally toward $0.28 and potentially $0.36 [1].

Institutional interest has also been growing, with Grayscale Investments recently updating its S-1 filing with the SEC for a Dogecoin spot ETF under the ticker “GDOG.” The proposed fund will track the spot price of DOGE, excluding management fees, and has selected Coinbase Custody for institutional-grade security. The ETF filing has already pushed DOGE’s price to $0.2375 and increased its market cap to $36 billion [3]. Market observers suggest that a favorable SEC response could significantly enhance liquidity and attract large-scale institutional investment, potentially acting as a catalyst for other similar products in the space [3].

Technical indicators also suggest a strengthening bullish case. The price has been consolidating in the $0.21–$0.30 range since February, with a series of higher lows indicating growing buyer confidence. The Relative Strength Index (RSI) is currently neutral at 52, suggesting that the asset remains in a balanced accumulation phase [1]. If DOGE breaks through $0.25 with strong volume, it could retest the $0.50 level, particularly if the upward trend continues [1].

Whale activity has added to the optimism, with large investors accumulating 230 million DOGE in a single day. These movements are often viewed as early signals of price direction, especially when paired with growing retail demand and positive momentum indicators like the MACD, which has turned positive [1]. However, uncertainty remains due to a recent 900 million DOGE transfer—worth approximately $208 million—to Binance. While this has raised concerns about potential dumping or liquidity shifts, the market has yet to show a corresponding price reaction [4].

Analysts remain divided on the near-term outlook. Crypto analyst Javon Marks has drawn comparisons between the current cycle and past DOGE trends, projecting a potential rise to $2.28 by early 2026 [1]. Meanwhile, market observer VisionPulsed has noted that a meaningful DOGE breakout would likely require broader crypto market signals, including a breakout in Ethereum above 2021 highs and favorable conditions within Bitcoin’s halving cycle [1]. Until these factors align, DOGE may remain in a wide consolidation range with potential fluctuations between $0.20 and $0.30 [1].

Despite the challenges, the conditions for a sustained move higher appear to be taking shape. A successful breakout above $0.25 could confirm the bullish technical setup and trigger further buying pressure. While a $1 price target in 2025 remains speculative, continued institutional adoption and favorable macroeconomic conditions could position DOGE for a significant move forward.

Source:

[1] https://bravenewcoin.com/insights/dogecoin-doge-price-prediction-dogecoin-could-rally-50-if-triangle-breakout-holds

[2] https://www.ainvest.com/news/dogecoin-news-today-traders-rotate-capital-shib-doge-pepe-magacoin-fomo-rotation-2508/

[3] https://www.ainvest.com/news/dogecoin-news-today-grayscale-files-spot-dogecoin-etf-price-rises-6-institutional-momentum-2508/

[4] https://blockchainreporter.net/dogecoin-price-drops-as-whale-moves-900m-doge-to-leading-exchange/