DOGE Pops 5% as ETF Debut Sparks First Clear Reversal Signal in Weeks

ETF analysts characterized the launch as another major inflection point for memecoin legitimacy, with early volume estimates near $11 million.

News Background

Grayscale’s Dogecoin Trust ETF (GDOG) officially began trading on NYSE Arca following regulatory approval, marking a significant step in bringing DOGE into the fully regulated ETF landscape. ETF analysts characterized the launch as another major inflection point for memecoin legitimacy, with early volume estimates near $11 million. However, the pace of distribution has slowed meaningfully in the past week, hinting at early stabilization as ETF-driven institutional participation begins to appear.

The debut arrives during a period of shifting on-chain dynamics: whale wallets holding 10–100 million DOGE distributed nearly 7 billion tokens over the past month, a major contributor to DOGE’s decline from $0.27.

What to know:

Grayscale's Dogecoin Trust ETF began trading on NYSE Arca, marking a significant step for DOGE in the regulated ETF market.

DOGE's price broke through $0.148 resistance with strong volume, indicating a potential shift from a downtrend to accumulation.

The token's rally to $0.1538 was supported by increased intraday volume, but further gains depend on overcoming whale supply resistance.

Technical Analysis

DOGE’s chart structure flipped bullish as the token broke decisively through $0.148 resistance on exceptional volume. The breakout aligned with a clean MACD bullish crossover on the 4-hour timeframe—a signal that historically precedes multi-session continuation phases for DOGE. Price action also confirmed an emerging bullish divergence on RSI, indicating sellers are losing strength even as the asset prints higher lows. The TD Sequential system triggered a new buy setup, a pattern that previously fueled triple-digit extensions during 2021 and early 2024. The combination of rising volume, improving momentum indicators, and ETF-driven liquidity suggests DOGE’s downtrend may be shifting into a broader accumulation range, though overhead resistance layers remain thick due to prior whale distribution.

Price Action Summary

DOGE rallied from $0.1466 to $0.1538 in the latest 24-hour session, with intraday volume surging 94% above the weekly average to 686.4M tokens. The strongest move occurred during the afternoon window, when DOGE advanced from $0.1478 to $0.1523 in one hour before accelerating into a peak of $0.1540 on a 26.6M volume spike. Support levels strengthened at $0.1440–$0.1450, where buyers repeatedly stepped in ahead of the ETF debut. The session closed with DOGE holding above $0.153 despite minor late-session volatility, reinforcing the validity of the breakout.

What Traders Should Know

DOGE now sits at a pivotal point where ETF momentum supports a move toward $0.163, but residual whale supply could cap upside if buying pressure weakens. The $0.154 zone serves as immediate resistance that must convert into support for continuation. A failure back below $0.148 would signal the breakout was short-lived, exposing a return to $0.144 and potentially deeper retracements if ETF flows taper off. If momentum holds, the next major level to watch is $0.185, where a larger trend reversal would begin to form.