Dogecoin's price shows a steady recovery, aligning with positive trends observed in the altcoin market. In recent weeks, DOGE has shown a growth of at least 8%.
Current Market Situation and Trends for DOGE
Recent charts indicate a slow yet steady recovery for Dogecoin's price, which mirrors the upward trend seen in other top altcoins. Over the past week, DOGE has gained approximately 8%, with a noted 18% increase over the last 15 days. Analysts observe that the current price is approaching the upper boundary of a descending pattern, with a breakout potentially leading to significant gains.
Expectations for Dogecoin ETF Approval
In light of these developments, Dogecoin remains in the spotlight, particularly with speculation surrounding ETF approval this year. Firms like Grayscale, Bitwise, and 21Shares have filed for a Dogecoin ETF, and their applications have been acknowledged by the SEC. The final decision is expected by the SEC’s deadline of October 17, 2025.
Analysis of DOGE Holder Behavior
On-chain analysis reveals a shift in market dynamics. Over the past 15 days, the number of addresses holding between 1 million and 100 million DOGE has significantly increased, while retail addresses holding between 100 DOGE and 1 million DOGE have declined. This suggests that larger holders (whales) are accumulating, indicating potential price increases in the future.
Overall, the price increase of Dogecoin, positive ETF expectations, and changes in holder distribution may reflect further optimism in the market for the remainder of the year.