Will Dogecoin Price Recover? Grayscale ETF Speculation Increases!

Jakarta, Pintu News – Bitcoin (BTC) fell below $90,000 after holding at that level for several weeks. This drop triggered more selling pressure on a number of major altcoins. The price of Dogecoin (DOGE) also plummeted following the general market trend, and is trading at around $0.1568 after falling by 2.7%.

DOGE’s market capitalization moved towards $23.81 billion, while trading volume jumped by more than 63%, indicating a quick move by market participants during the sharp downturn.

Meanwhile, DOGE is now trying to bounce off the familiar demand zone – a zone that previously drove one of its strongest rallies this year. In addition, this level is still considered historically important as it was once the starting point of major expansions in previous cycles.

Traders are now assessing whether the current market conditions are capable of triggering a similar reaction or indicate further pressure.

Dogecoin Price Holds Key Reaction Level, 74% Rally Potential Still Open

The Dogecoin price is currently moving within a descending regression channel pattern that has been forming a downward trend since September. Recently, the DOGE price managed to break above the centerline of the channel, which is around the $0.15 area and coincides with a key demand zone.

Read also: Dogecoin Price Up 3% Today: DOGE Weekly Chart Shows Beginning of Bullish Potential?

The current price is still in the $0.14-$0.15 block range, which previously triggered an 80% rally to $0.28. That reaction created a strong psychological level, and traders are now watching to see if similar strength will return.

Meanwhile, the RSI indicator hovers around 38 and is approaching oversold territory-a condition that often precedes a sharper price reaction during prolonged downtrends. The RSI also registered similar levels in the last July move, which was then followed by a reversal with strong momentum.

In addition, the DOGE price showed a tighter candle formation around the regression trend line, indicating a controlled accumulation process and the early potential for price foundation formation.

If the price manages to break clearly above the $0.21 zone, it will confirm the buyers’ dominance and open a smoother path towards $0.27.

Such a move would complete a projected rally of 74% and strengthen Dogecoin’s long-term prospects with a revalidation of the strength of its demand zone.

ETF Push From Grayscale Affects Dogecoin Price Landscape

The Dogecoin price is now attracting wider attention as speculation increases regarding the timing of the Grayscale ETF launch, which is expected to occur on November 24. DOGE is back in the conversation after an analyst from Bloomberg mentioned that there is a realistic chance of approval for the ETF.

Grayscale has moved forward with the filing of forms S-1 and 19b-4 in the process of converting GDOG into a listed product. This structured process differs from the previous approach of ETF issuers and creates a clearer regulatory path.

Read also: Is the Coin Meme Fever Over? Here’s the Latest Data

This discussion also relates to the growing interest in top coin memes, as the narrative around ETFs often triggers capital rotation in that asset class.

In addition, the combination of price structure and external speculation creates complex market conditions that traders pay close attention to. DOGE prices are known to respond quickly to increased institutional interest, and the current situation reflects the same pattern.

If the ETF approval lives up to expectations, DOGE will gain stronger visibility as well as a more solid framework for future expansion. On the other hand, the technical bounce off the demand zone adds depth to the current narrative.

Overall, DOGE is now trying to recover from the demand zone that previously fueled one of the strongest rallies of the year. Buyers see this area as a proven reaction point, boosting confidence amidst uncertain market conditions.

Further, speculation around ETFs became an external catalyst that broadened interest and kept DOGE relevant in market discussions.

If buyers are able to defend this zone with conviction, DOGE has the potential to continue a more structured move towards higher price levels, especially as market conditions begin to stabilize.

FAQ

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a cryptocurrency that was originally created as a joke but has grown into one of the most popular digital coins.

Why does Bitcoin (BTC) price affect Dogecoin (DOGE)?

The price of Bitcoin (BTC) often affects the overall cryptocurrency market due to its dominance as the largest crypto asset, including its influence on the price of Dogecoin (DOGE).

What are ETFs and how do they affect cryptocurrencies?

An ETF, or Exchange-Traded Fund, is a type of investment fund that trades on a stock exchange like a stock. ETFs that focus on cryptocurrencies can provide investors with greater exposure and the potential for increased demand and prices.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Is Dogecoin Price Set for a Recovery as Grayscale ETF Speculation Intensifies. Accessed on November 19, 2025