Dogecoin Awakens: ETF Launch Triggers First Clear Reversal Signal in Weeks

After weeks of sluggish price action, Dogecoin is showing signs of life. The price has surged by more than 5% following the official launch of the Grayscale Dogecoin Trust ETF (GDOG) on the NYSE Arca. As the first fully regulated spot ETF focused solely on DOGE, this development has brought fresh liquidity and renewed hope for institutional interest in the meme-fueled asset.

ETF Launch Sparks a Shift in Market Dynamics The ETF debut arrives at a time when on-chain data is also signaling a turning point. Over the past 30 days, whale wallets holding between 10 and 100 million DOGE have distributed nearly 7 billion tokens — a key factor behind Dogecoin’s earlier drop from the $0.27 range. However, distribution activity has slowed significantly in recent days, just as institutional inflows driven by the new ETF began to take shape. The market is now entering a more balanced phase.

Technical Breakout Confirms Momentum Shift On the technical front, Dogecoin has broken through key resistance at $0.148 on high trading volume. This breakout was supported by: A clear bullish MACD crossover on the 4-hour chartA developing bullish RSI divergence, suggesting weakening seller pressureA new buy signal from TD Sequential, which has historically preceded major rallies in DOGE (including triple-digit moves in 2021 and 2024) This combination of volume, momentum, and on-chain stabilization points to a possible accumulation phase, though resistance from recent whale sell-offs may still weigh on price action.

Price Recap: A Strong Rebound in Just One Day In the last 24-hour session, DOGE rebounded from $0.1466 to $0.1538. Trading volume jumped 94% above the weekly average, with 686.4 million DOGE traded. The strongest move came in the afternoon, when the price spiked from $0.1478 to $0.1523 in just one hour — eventually reaching an intraday high of $0.1540 on $26.6 million in volume. The $0.1440–0.1450 range is now acting as a strong support zone, where buyers stepped in aggressively even before the ETF launch. Dogecoin held above $0.153 into the session close, reinforcing confidence in the breakout.

Key Levels to Watch: Make or Break for DOGE Dogecoin is at a crucial technical crossroads. If the current momentum holds, the next target could be $0.163 — but only if the market can turn $0.154 from resistance into support. If price falls back below $0.148, it would suggest the breakout was a false signal and could lead to a retest of $0.144 or even deeper corrections if ETF-driven buying fades. Should strength continue, the next key level to watch is $0.185, a potential signal of a broader trend reversal.

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