important notes
DOGE gained 7.31% in 24 hours, outperforming the broader crypto market. 21Shares has updated its S-1 filing with the SEC for the Spot Dogecoin ETF. Analysts predict that if the momentum continues, it could rise towards $0.86.
dogecoin
doge
$0.20
24 hour volatility:
3.2%
Market capitalization:
$3.031 billion
Vol. 24 hours:
$20.1 billion
The price has risen more than 7% in the past 24 hours, outpacing the broader crypto market’s 4% rise. The leading meme coin is currently trading around $0.20, with a market cap of $30.4 billion.
According to CoinMarketCap data, DOGE recorded a 95% increase in 24-hour trading volume. 21Shares, one of the largest crypto ETP issuers, recently filed for amended S-1 registration for its long-awaited Spot Dogecoin ETF, sparking renewed investor interest.
21Shares Powers Dogecoin ETF
According to the Oct. 17 filing, 21Shares confirmed “TDOG” as the official ticker for the ETF, which, if approved, will be listed and traded on Nasdaq.
The updated document identifies Coinbase as the custodian responsible for holding the DOGE tokens, and 21Shares US LLC will serve as the seed capital investor.
The filing revealed that the trust plans to use $1.5 million to purchase Dogecoin before or at the time of its listing. The move signals the readiness of the 21Shares DOGE ETF, which is already eyeing a DTCC listing, a key procedural milestone prior to launch.
Bloomberg ETF analysts recently raised Dogecoin ETF’s approval probability to 99%. However, the SEC missed the Oct. 18 deadline to approve the Grayscale Dogecoin ETF due to the ongoing U.S. government shutdown and a temporary hold-up in the regulatory process.
Analysts turn bullish as DOGE breaks through key levels
Meanwhile, Dogecoin has been trading within an ascending parallel channel since mid-2022. Popular cryptocurrency analyst Ali Martinez pointed out that the price has just bounced off the floor.
Dogecoin $DOGE just bounced off channel support and is likely to move higher. First, we will focus on $0.29, then $0.45, and then $0.86. https://t.co/UvRO5RvZ5g pic.twitter.com/U7M9jAbwQN
— Ali (@ali_charts) October 20, 2025
Interestingly, these pullbacks often lead to mid-price rebounds, and Martinez predicts that if momentum holds, it could head toward $0.29, $0.45, and eventually $0.86.
Meanwhile, another expert, Elite Crypto, identified a multi-year cup-and-handle pattern forming on the weekly chart of DOGE. He explained that Memecoin is currently in a solid accumulation zone, suggesting that levels below $0.155 represent a strong buying opportunity for spot investors.
$DOGE appears to be gearing up for a breakout pattern 🔥
The chart shows a clear cup and handle formation, and if history repeats itself, we could see a strong push towards $0.50. Price is currently in a cumulative range.
Anything below the $0.155 range will be solid… pic.twitter.com/GrVildBZuR
— Elite Crypto (@TheEliteCrypto) October 19, 2025
The meme token appears poised for an extended bull run, with many eyeing DOGE’s highly anticipated $1 price level.
Next
Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Perth has gathered experience and expertise in the field after working with major media outlets in the crypto and financial world and living through bear and bull markets over the years. Palt is also the author of four self-published books.
Perth Dubey on LinkedIn
