Dogecoin (CRYPTO: DOGE) may be gearing up for a rally as another spot ETF inches closer to trading, fueling optimism among traders.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Dogecoin | (CRYPTO: DOGE) | $0.2409 | $36.4 billion | -9% |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001223 | $7.2 billion | -6.3% |
| Pepe | (CRYPTO: PEPE) | $0.059726 | $4.09 billion | -9.8% |
Trader Notes: Crypto chart analyst Ali Martinez highlighted current levels as an ideal buying opportunity ahead of a potential breakout to $0.50.
Mags aka TheScalpingPro predicts DOGE could target $1, noting the move is achievable with only a 3.3x gain.
Drawing parallels to 2020's 170x surge amid skepticism, he sees the current market doubt as a bullish signal.
Trader Tardigrade added that Dogecoin is currently holding support at a three-month trendline.
Statistics: Coinglass data shows $9.20 million in DOGE liquidations over the past 24 hours, including $6.77 million in longs, signaling short-term selling pressure.
Bitinfocharts indicates growth in large holders: addresses with 10–100 billion DOGE increased to 2, while 1–10 million DOGE addresses rose from 4,275 to 4,293.
Community News: The 21Shares Dogecoin ETF (TDOG) now appears in the DTCC's active/prelaunch table as of Sep. 22, signaling preparations for launch.
However, this does not guarantee SEC approval.
This follows last week's REX-Osprey DOGE ETF debut, the first-ever meme coin ETF offering direct spot exposure to traders.
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