Dogecoin is once again at the center of market attention, with analysts spotting early signs of a potential rebound just as momentum builds around the upcoming Bitwise spot Dogecoin ETF.
Key Takeaways
- Bitwise’s spot Dogecoin ETF could go live by late November, pending SEC approval or automatic activation.
- Technical traders identify a large multi-year triangle pattern pointing toward a possible $1.2 target.
- TD Sequential flashes a buy signal as RSI and MACD hint at stabilization near $0.16.
- Market analysts expect Dogecoin to regain the $0.20 mark if ETF enthusiasm aligns with technical recovery.
Despite recent volatility and a broader market pullback, sentiment toward the popular meme coin is improving — and some traders believe a major move could be on the horizon.
Excitement is brewing around Bitwise’s amended filing for a spot Dogecoin ETF, which now includes its ticker symbol BWOW, management fee details, and listing plans for NYSE Arca. According to the latest S-1 submission, the ETF aims to track the CF Dogecoin-Dollar US Settlement Price Index and could list by the end of the month, depending on the SEC’s response.
The asset manager has proposed a 0.34% fee, waived for the first month on up to $500 million in assets, while Coinbase Custody will secure DOGE holdings and BNY Mellon will manage cash reserves. Bloomberg ETF analyst Eric Balchunas noted that Bitwise’s filing strategy suggests it could become automatically effective within 20 days unless regulators intervene.
Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ
— Eric Balchunas (@EricBalchunas) November 6, 2025
If approved or auto-effective, this would mark the first U.S. spot Dogecoin ETF, a milestone expected to attract new inflows from retail and institutional investors eager for meme coin exposure through a regulated product.
Analysts Turn Bullish: “DOGE Could Burst From This Level”
Several prominent traders on X (formerly Twitter) have shared bullish outlooks. Trader Tardigrade highlighted Dogecoin’s six-month chart, where a symmetrical triangle has been forming since 2021. A breakout from this structure, he argues, could project a rally toward $1.20, representing a long-term upside move similar to DOGE’s 2021 cycle.
$Doge/6-month#Dogecoin has formed a Triangle pattern in this cycle.
A breakout of the pattern targets $1.2 🔥 pic.twitter.com/EyARescrS8— Trader Tardigrade (@TATrader_Alan) November 7, 2025
Similarly, analyst Butterfly described the $0.165 range as a “strong floor,” predicting that bullish momentum could soon push DOGE toward $0.48 by year-end if historical patterns repeat. Ali Martinez also reinforced the optimistic tone, noting that the TD Sequential indicator has issued a buy signal, suggesting a local bottom may already be in place.
TD flashes buy on Dogecoin $DOGE. Local bottom might be in! pic.twitter.com/g84k4FtO5d
— Ali (@ali_charts) November 5, 2025
Technical Signals Point to Recovery
While the meme coin’s price has slipped to around $0.162, several indicators hint at stabilization. On the 4-hour chart, the RSI hovers near 42, showing moderate recovery from oversold territory, while the MACD lines are flattening, signaling weakening bearish momentum.
However, broader metrics from TradingView’s technical summary still show mixed readings. The overall gauge leans “Sell” due to pressure on the daily moving averages, though oscillators are gradually shifting into “Buy” territory — suggesting potential for short-term rebounds once trend confirmation appears.
In the longer view, Dogecoin continues to trade within a multi-year consolidation triangle, with lower highs compressing against rising support levels. A breakout from this range could trigger a substantial move, aligning with the bullish analyst projections.
Market Narrative Aligns With Dogecoin’s Historic Pattern
Dogecoin’s price action has historically followed a pattern of long consolidation periods followed by rapid expansions, often coinciding with new catalysts such as listings, celebrity endorsements, or broader crypto rallies. With the ETF narrative gaining traction and technical indicators flashing early strength, many traders see parallels with pre-rally phases from past cycles.
As macro conditions gradually improve and retail enthusiasm returns, Dogecoin could be setting the stage for its next major run. Whether the upcoming ETF launch becomes the spark remains to be seen, but momentum in both technical and market sentiment appears to be converging at the right time.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/dogecoin-price-could-explode-higher-as-etf-approval-and-buy-signals-align/