The Dogecoin price is up 2.6% over the past 24 hours and is trading at $0.1461 as of 3:45 AM, while trading volume is up 7% to $1.5 billion.
The rally comes after NYSE Arca approved the listing of Grayscale’s Dogecoin and XRP ETFs, which begin trading today.
Grayscale Dogecoin Trust ETF (Ticker: $GDOG) offers investors direct exposure $DOGE. $GDOG starts trading @NYSE Arca tomorrow. pic.twitter.com/AJUFAnY4K1
— Grayscale (@Grayscale) November 24, 2025
Analysts expect the Grayscale Dogecoin ETF, trading under the ticker GDOG, to attract up to $11 million in trading volume on its first day.
This would reflect strong but measured initial demand from both institutional and retail investors and signal broader adoption of altcoins and meme coins.
The listing of the Grayscale Dogecoin ETF provides investors with a more accessible way to gain exposure to Dogecoin price movements without directly processing or storing the cryptocurrency.
The ETF reflects DOGE’s spot price and holds the underlying asset in custody, making it a true spot product and not just a synthetic or futures-based vehicle.
Patterns in the chain: demand for dogecoins is increasing
On-chain data for Dogecoin has also shown positive trends. In the days leading up to the ETF’s launch, analysts saw an increase in transaction activity and portfolio movements.
More coins are being moved into long-term portfolios, a sign that investors may be preparing to hold DOGE in anticipation of further ETF-driven price action, rather than rushing to sell at the first sign of a rally.
Increased on-chain activity often means that regular crypto users are preparing for more volatility or showing confidence in the future value of their holdings. This trend is also supported by the action in derivatives; with both DOGE and XRP seeing spikes in options and futures volumes as the ETF trading day approaches.
The coordinated launch by NYSE Arca ensures full regulatory support for the products and could drive further inflows into the DOGE market.
DOGE price forecast and technical analysis
The Dogecoin price chart shows bulls holding the line above key support as the Grayscale DOGE ETF goes live. Dogecoin is trading $0.146.
After falling below the 50-day moving average of $0.184 and the 200-day moving average of $0.208 earlier this month, DOGE has found temporary support around $0.14. The next strong support is around $0.10, with a historic bottom at $0.085
DOGEUSDT analysis source: Tradingview
Indicators suggest the coin is oversold, with the Relative Strength Index sitting at 37, usually a point where new buying interest begins to appear.
The MACD indicator remains slightly bearish, pointing to the possibility of more sideways action or a retest of support levels if bullish volume does not increase.
Dogecoin expects $0.18-$0.20 while the key support remains $0.14
If DOGE sustains above $0.14 and ETF volumes remain strong, the price could make another attempt to reach the $0.18-$0.20 resistance zone. Success there could earn $0.25 in the coming weeks.
On the other hand, a loss of the USD 0.14 support could lead to a sharper decline towards USD 0.10, where historically another group of buyers has intervened.
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