Dogecoin price holds between $0.21 and $0.30, with higher lows signaling stronger buying interest and potential breakout above $0.25.
Grayscale’s updated ETF filing under ticker $GDOG seeks SEC approval, reinforcing institutional optimism and spotlighting Dogecoin’s investment potential.
Analyst projections highlight a broadening wedge, with historical gains suggesting potential Dogecoin price targets reaching $1.4 if momentum is sustained.
Dogecoin is currently trading at $0.2286, marking a 3.04% rise over the past 24 hours. The cryptocurrency remains within its established consolidation range, with investor attention increasing after Grayscale Investments advanced its ETF filing process.
Analyst Trader Tardigrade has identified a broadening wedge pattern on the weekly Dogecoin chart. The structure reflects consecutive higher highs and higher lows. Historical performance shows strong rallies in similar conditions, with gains of 120% between $0.22 and $0.48 and an additional 190% rise toward $0.77.
Source: X
If the momentum continues, the pattern could extend to a projected target of $1.4.
Consolidation Phase on Daily Chart
On the daily chart, Dogecoin has been held in a clear accumulation phase between $0.21 and $0.30 since February. Recent price action demonstrates higher lows within the range, signaling stronger buying conviction. A sustained break above $0.25 may trigger further movement toward $0.30, and a continuation could test the $0.50 level. The Relative Strength Index currently stands at 52, supporting a neutral stance that aligns with the consolidation outlook.
Source: TradingView
Grayscale Investments recently submitted an updated S-1 filing with the Securities and Exchange Commission. The filing aims to list the Dogecoin Trust ETF under the ticker $GDOG on NYSE Arca, with Coinbase Custody managing the asset holdings. This filing follows the February 13 submission of Form 19b-4, which established the framework for the current process. Approval could introduce significant liquidity and strengthen institutional participation in Dogecoin markets.
Broader Implications for Market Sentiment
The ETF development reinforces expectations for broader adoption of digital asset investment vehicles. It also renews attention on other pending ETF products, such as 21Shares, that had previously stalled. October 2025 has become a critical point for regulatory decisions, which may shape Dogecoin’s long-term price performance across both spot and derivatives markets.
Dogecoin’s price remains supported by both technical indicators and institutional interest. The ongoing consolidation, coupled with the ETF progress, continues to build optimism around the potential for a sustained upward rally.
