Dogecoin, a popular memecoin, recently experienced a slight increase of 0.83%, reaching a value of $0.2329. Analysts note interesting price patterns and the impact of Grayscale's ETF update.
Technical Data and Price Predictions for Dogecoin
Analyst Trader Tardigrade highlighted an expanding wedge formation on the weekly chart, projecting an ultimate target of $1.4. He noted a series of higher lows and highs, suggesting that if previous movements maintain this rhythm, the price could reach this target.
On the daily chart, DOGE is showing an accumulation phase within the $0.21 to $0.30 range since February, indicating persistent buyer interest in the memecoin.
Grayscale ETF Update Boosts Interest in Dogecoin
Recently, Grayscale submitted an updated S-1 form to the SEC aiming to register an ETF under the “GDOG” ticker on NYSE Arca. This ETF will directly hold DOGE, providing access to the market value minus management fees. The choice of Coinbase Custody for safekeeping tokens suggests adherence to institutional standards, which could attract significant interest from large investors.
Market Expectations and Further Growth
With a positive decision from the SEC, liquidity may improve and institutional interest may increase. Considering price dynamics and technical analysis, the situation surrounding Dogecoin in October 2025 could be critical for its spot and derivative asset formats.
Given the renewed interest in Dogecoin and potential support from the Grayscale ETF, there is an optimistic outlook for further price growth of this asset in the near future.
