Dogecoin is trading around $0.2286 at press time, posting a 3% daily gain as optimism builds across the crypto market.
The memecoin has held a steady bullish bias in recent weeks, consolidating in a defined price channel while speculation over an upcoming ETF has fueled investor confidence.
Technical Patterns Signal Upside Potential
Market analyst Trader Tardigrade highlighted a broadening wedge forming on Dogecoin’s weekly chart, a pattern that has historically delivered sharp upside swings. Previous moves within similar setups produced rallies of over 120% and later 190%, pushing DOGE toward its $0.77 peak. If the same cycle plays out, the next major target could stretch as high as $1.4.
On shorter timeframes, Dogecoin has been locked in an accumulation range between $0.21 and $0.30 since February. Higher lows are beginning to emerge within this band, hinting at growing buyer conviction. A decisive push above $0.25 could pave the way to $0.30, with the possibility of retesting $0.50 should momentum accelerate. The Relative Strength Index, currently near neutral levels, suggests the market is still gathering strength before a breakout.
Grayscale ETF Update Brings Institutional Spotlight
Adding to the optimism, Grayscale has filed an updated S-1 with the U.S. Securities and Exchange Commission, seeking approval for its Dogecoin Trust ETF under the ticker $GDOG on NYSE Arca. The product would hold DOGE directly, giving investors exposure to spot prices minus fees, with Coinbase Custody set to manage the assets.
The move follows Grayscale’s initial 19b-4 filing earlier this year and marks a significant step in bringing Dogecoin into the institutional fold. Analysts believe an approval could open the door to increased liquidity and attract fresh inflows from larger market participants. October 2025 has emerged as a key month for regulatory decisions, with outcomes likely to influence Dogecoin’s trajectory heading into next year.
Growing Pressure for a Breakout
With technical indicators pointing to building strength and the ETF narrative gathering momentum, sentiment around Dogecoin remains bullish. If both chart structures and regulatory catalysts align, DOGE could be positioned for one of its strongest rallies in years, reinforcing its place among the top-performing altcoins of 2025.
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Source: https://coindoo.com/dogecoin-price-outlook-etf-update-sparks-bullish-momentum/